Taxable benefits for the use of a vehicle owned by the corporation are based on actual mileage. Not a random 20%.
Here is CRA’s own calculator.
You are correct that is based on the original cost of the vehicle.
Taxable benefits for the use of a vehicle owned by the corporation are based on actual mileage. Not a random 20%.
Here is CRA’s own calculator.
You are correct that is based on the original cost of the vehicle.