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During 2020, Mr. Dwayne Johnson is provided with an automobile that is leased by his employer. The monthly payment on this lease is 529, including
During 2020, Mr. Dwayne Johnson is provided with an automobile that is leased by his employer. The monthly payment on this lease is 529, including HST. During 2020, he drives the car a total of 35,000 kilometers, of which 10,724 are for personal use. The car is used by Mr. Johnson for 9 months during 2020. Calculate Mr. Johnsons minimum taxable benefit for the use of the automobile.
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