Taxable Automobile Benefits

It is the policy of Caplan Ltd. to provide automobiles to four of its senior executives. The automobiles may be used for both employment and personal purposes. When they are not being used by the employees, company policy requires the automobiles to be returned to the company's premises. For 2023, the details regarding the use of these automobiles are as follows:

Ms. Barbara Caplan Barbara is provided with a BMW 300 Series, which the company leases for S650 per month. This amount includes $110 per month for insurance. She drives total of 57000 kilometres of which 21,000 are for employment purposes and 36,000 for personal use. Operating expenses, all of which were paid by the company, totalled $11,300. Because of her extensive personal use of the automobile, Barbara pays the compariy $200 per month. The automobile is available to her for 12 months during the current yea.

Mr. Sheldon Caplan Sheldon is provided with a Lexus GS, which the company leases for $1,100 per month. The lease payment does not include insurance cOverage. During Current year, Sheldon drives the automobile a total of 34.300 kilometres, of which 32,600 are for employment purposes and 1,700 for personal use. The operating expenses average S0.33 per kilometre and are paid by the company. The automobile is available to sheldon for eight months during the current year.

Ms. Melissa Caplan Melissa is provided with a Mercedes S Class Sedan. The Company paid $175,000 for this automnobile two years ago. During the current year, automobile was driven 62,000 kilometres, of which 23,000 are for employment purposes and 39, 000 for personal use. Operating expenses, all of which were paid by the $27500. The automobile is available to Melissa for 11 months during the current year. company.

Mr. Jerome Caplan Jerome's automobile is an Audi A5 purchased Company for $74,200 During the 10 months that the automobile was available to Current year, he drove a total of 93,000 kilometres, of which 24,000 are for employment purposes and 69 000 for personal use. Operating expenses, al of vwhich were paid by the oompany totaled S19 400

Required calculate the minimum taxable automobile benefit to each of these executives as the result of having the automobiles provided by the emplover lgnore all GST/HST & PST implication