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Hello,My question is related to the car taxable benefits

Resolved Question:

Hello, My question is related to the car taxable benefits in Canada. When calculating the standby charge for a company owed car available for an employee, we need to use the capital cost of the car. My question is if we may use the depreciatted value of the car, instead of the initial cost? Thank you. Daniela


 


 


Is there sopme who would answer my question?


 


Thank you.


 


D

Submitted: 1 year ago.
Category: Canada Tax
Expert:  Legal Ease replied 1 year ago.
Their guidelines do not refer to a depreciated cost because you always have to use the initial cost.

I hope that clarifies things.
Legal Ease, Lawyer
Category: Canada Tax
Satisfied Customers: 86703
Experience: Lawyer
Legal Ease and other Canada Tax Specialists are ready to help you
Customer: replied 1 year ago.


Thank you.


 


Daniela

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