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Mohinder Roy is driving a company car mostly for employment purposes. The cost of the automobile is $60,000 including HST. Assume the car is purchased
Mohinder Roy is driving a company car mostly for employment purposes. The cost of the automobile is $60,000 including HST. Assume the car is purchased by his employer. It is used by Roy for 11 months of the year. In the other month, he was required to return the car to his employer's premises per company policy. In 2021 he drove a total of 28,000 km of which a total of 12,000 km was for personal purposes. Calculate Mohinder's minimum taxable benefit related to automobile use.
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