Question
21.Simone Chow works for Creative Landscaping in Alberta and is provided with a company-leased automobile. The automobile was in Simones possession for 365 days. Of
21.Simone Chow works for Creative Landscaping in Alberta and is provided with a company-leased automobile. The automobile was in Simones possession for 365 days. Of the 33,958 kilometres driven, 15,188 kilometres were for business purposes. The monthly lease cost of the vehicle was $413.80, excluding the GST calculated at 5%.
Simone requested in writing that Creative Landscaping use the optional operating cost method if all the conditions apply. She did not reimburse the company for any of the expenses associated with the automobile.
Calculate Simones annual automobile taxable benefit.
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