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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if people are going from home to jobsites it shouldn't be taxable. if you are driving from home to an office everyday. then yes.
I currently have one, but it's going to be taken away soon, since we now have more space to park it at work, and more workers then vans. will suck ass to go from home to office, to jobsite, instead of home to jobsite.