Employer Provided Parking

If you are an employer that provides parking to your employees, it can sometimes be difficult to determine whether the parking would be considered a taxable benefit by the Canada Revenue Agency.  To make things easy, the CRA website now provides an online questionnaire which will determine whether a taxable benefit exists.  In addition, the website also provides an Automobile Online Benefits Calculator to determine the specific  amounts of the benefit.

For more information, see the website here.

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