REVscene Automotive Forum - View Single Post - Does your company let you drive the work van home?

adrnlnrush00 · 02-09-2011, 04:24 PM

So for all you guys that take your work vehicle home. Just be careful to watch out for taxable benefits that should hit your T4.

The CRA has a prescribed formula for calculating the taxable benefit and the amounts so calculated are then added to your T4 as income.

To find out more, you can go to the CRA's website and search Employment Benefits. There should be a hit on personal use of company car.

02-09-2011, 04:24 PM	#11
adrnlnrush00 Captain Happy Bubble is my Homeboy Join Date: Jul 2007 Posts: 319 Thanked 294 Times in 53 Posts Failed 4 Times in 4 Posts	Watch out for taxable benefits So for all you guys that take your work vehicle home. Just be careful to watch out for taxable benefits that should hit your T4. The CRA has a prescribed formula for calculating the taxable benefit and the amounts so calculated are then added to your T4 as income. To find out more, you can go to the CRA's website and search Employment Benefits. There should be a hit on personal use of company car.