Principal Issues: Is a standby charge benefit included in income when an employee is required to use, at all times, an employer's automobile which is emblazoned with the employer's logo, colours and advertising?
Position: Likely yes
Reasons: See response
Principal Issues: How should the total amount subject to penalty be calculated?
Position: It should be the greatest of the total cost amounts of all specified foreign properties per period.
Reasons: Wording of s. 162(10.1)(e)