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Category: Canada Tax
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Hello,My question is related to the car taxable benefits

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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.



Their guidelines do not refer to a depreciated cost because you always have to use the initial cost.

I hope that clarifies things.
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Customer: replied 3 years ago.

Thank you.



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