I have a client who uses his corporate owned vehicle personally. He only pays himself via dividends, so we do not have a payroll account set up. I have computed the standby charge and operating benefit, but I am wondering if this an be added to the T5 as other income, or do I need to open a payroll …

Per: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/benefits-allowances/benefits-allowances-chart.html Under step 2, just before the list: Special situation for CPP: Only remuneration is a non-cash taxable benefit Do not deduct CPP contributions if all of the follo…

Vehicle benefit for shareholder - can it go on a T5?

Tax Topics

grangers2016 February 3, 2026, 5:12pm 3

You would put it on a T4A

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Vehicle benefit for shareholder - can it go on a T5?

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