Is there a taxable benefit?

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https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/benefits-allowances/automobile/there-a-taxable-benefit-3.html

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Is there a taxable benefit?

Answer

The taxable benefit is the full fair market value (FMV) of the parking spot.

You have told us:

  • The employee is not eligible for a proration of a parking benefit because the employee uses a vehicle for business purposes but not frequently enough to constitute "regularly".

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Date modified:
2016-12-08