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Marie Asselin works for Fashion Services in Northwest Territories and is provided with a company-leased automobile. The automobile was in Marie's possession for 365
Marie Asselin works for Fashion Services in Northwest Territories and is provided with a company-leased automobile. The automobile was in Marie's possession for 365 days. Of the 34,134 kilometres driven, 15,805 kilometres were for business purposes. The monthly lease cost of the vehicle was $198.60. excluding the GST calculated at 5%. Marie requested in writing that Fashion Services 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 Marie's annual automobile taxable benefit. Your answer:
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