Mr. Robert Rhodes is provided with an automobile that is owned by his employer. The car was acquired by the employer in 2018 for $63,000, plus $3,150 in GST. During 2020, it was used by Mr. Rhodes for 8 months. When not using the automobile, the employer required that Mr. Rhodes return it to their premises. His total milage in 2020 was 53,000 kilometers, of which 22,000 were employment related. Calculate Mr. Rhodes' minimum taxable benefit for the use of the automobile?

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Mr Robert Rhodes minimum taxable benefit for the use of the automobile can be calculated bas... View the full answer