Is there a taxable benefit?

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http://www.cra-arc.gc.ca/tx/bsnss/tpcs/pyrll/bnfts/tmbl/prkng/q15-eng.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 he or she uses a vehicle for business purposes but not frequently enough to constitute "regularly".

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Date modified:
2016-12-08