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Claire Joly works for Fashion Productions in Northwest Territories and is provided with a company-owned automobile. The automobile was in Claires possession for 365 days.

Claire Joly works for Fashion Productions in Northwest Territories and is provided with a company-owned automobile. The automobile was in Claires possession for 365 days. Of the 49,882 kilometres driven, 28,203 kilometres were for business purposes. The purchase price of the vehicle was $31,580.00, excluding the GST calculated at 5%. Claire requested in writing that Fashion Productions 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 Claires annual automobile taxable benefit. Your answer:

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