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-6.html

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Is there a taxable benefit?

Answer

The benefit is the fair market value (FMV) of the parking spot less any amount the employee pays. If the employee pays market value, there is no benefit.

You have told us:

  • The employee pays an amount for the parking.

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Date modified:
2016-12-08