Sunrise Ltd. provides its executive director Surinder Singh with a company car. The car is leased for
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Sunrise Ltd. provides its executive director Surinder Singh with a company car. The car is leased for $700/month (including 13% HST and excluding insurance) and is made available to her for eight months. Sunrise Ltd. pays all the operating costs that amounted to $3,500 in 2023. Surinder drove 13,000 kilometers in 2023, of which 8,000 were for business. What is the minimum taxable benefit that must be included by Surinder in 2023?
Related Book For
Income Tax Fundamentals 2019
ISBN: 9781337703062
37th Edition
Authors: Gerald E. Whittenburg, Steven Gill
Posted Date: