Quote:
Originally Posted by adrnlnrush00
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.
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Never had a problem with this - I'm dispatched from home (don't have to be in the office every morning or any of that BS) and my van is used ONLY for work-related travel.