You must use the detailed calculation to calculate the standby charge for employer leased automobiles.

The following information will help you fill in Form RC18 and the Automobile Benefits Online Calculator.

1) Your leasing costs

Leasing costs of your automobile used in calculating the standby charge includes both of the following:

• the rental cost for the automobile
• any associated costs, such as maintenance contracts, excess mileage charges, terminal charges less terminal credits, and the GST/HST and PST that you pay to the lessor under the leasing contract

Note
Leasing costs do not include liability and collision insurance costs.

2) 30 day periods

When you divide the total days available by 30, round off the result to the nearest whole number if it is more than one.

3) Personal kilometres

See Personal driving (personal use).

4) Reimbursements

A reimbursement is an amount you receive from your employee to repay you for some of your automobile costs. The amount the employee reimburses you may be used to reduce the employee's taxable benefit.

Related links

• Calculating automobile benefits
• Lump-sum lease payments
• Employees who sell or lease automobiles