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Aston John is driving a company car mostly for employment purposes. The cost of the automobile is $40,000 plus an HST of $4,600. The car
Aston John is driving a company car mostly for employment purposes. The cost of the automobile is $40,000 plus an HST of $4,600. The car was purchased by his employer in 2021. It is used by Aston for 10 months of the year. In the other months, he was required to return the car to his employer's premises per company policy. While in possession, he drove a total of 35,000 km, of which personal purposes for a total of 14,000 km. Calculate Aston's minimum taxable benefit for automobile use. [Must show detailed calculation to get proper credit]
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