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An employer provides a leased car to an employee. The monthly lease payment is $500 including HST. The car is driven for a total of
An employer provides a leased car to an employee. The monthly lease payment is $500 including HST. The car is driven for a total of 26,000 km during 2020 and its operating costs for the year are $4,000. It is used by the employee for 11 months of the year, In the other month, he was required to return the car to his employer's premises. He drives it for personal purposes for total of 6,000 km. The minimum taxable benefit is?
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