2. PRESENT VALUE OF TAX SHIELD FOR AMORTIZABLE ASSETS Present value of total tax shield from CCA for a new asset acquired after November 20, 2018 (d+k) () (1+1 1+k Notation for above formula: C = net initial investment T = corporate tax rate k = discount rate or time value of money d = maximum rate of capital cost allowance 3. SELECTED PRESCRIBED AUTOMOBILE AMOUNTS Maximum depreciable cost-Class 10.1 Maximum depreciable cost -- Class 54 Maximum monthly deductible lease cost Maximum monthly deductible interest cost Operating cost benefit -- employee 2020 $30,000 + sales tax $55,000 + sales tax $ 800 + sales tax $300 28 per km of personal use 2021 $30,000 + sales tax $55,000 + sales tax $ 800 + sales tax $300 274 per km of personal use Non-taxable automobile allowance rates -- first 5,000 kilometres - balance 59 per km 53 per km 594 per km 534 per km 2. PRESENT VALUE OF TAX SHIELD FOR AMORTIZABLE ASSETS Present value of total tax shield from CCA for a new asset acquired after November 20, 2018 (d+k) () (1+1 1+k Notation for above formula: C = net initial investment T = corporate tax rate k = discount rate or time value of money d = maximum rate of capital cost allowance 3. SELECTED PRESCRIBED AUTOMOBILE AMOUNTS Maximum depreciable cost-Class 10.1 Maximum depreciable cost -- Class 54 Maximum monthly deductible lease cost Maximum monthly deductible interest cost Operating cost benefit -- employee 2020 $30,000 + sales tax $55,000 + sales tax $ 800 + sales tax $300 28 per km of personal use 2021 $30,000 + sales tax $55,000 + sales tax $ 800 + sales tax $300 274 per km of personal use Non-taxable automobile allowance rates -- first 5,000 kilometres - balance 59 per km 53 per km 594 per km 534 per km