The car is leased for $750month (including 13 HST and excluding insurance) and was made available to him for 10 months PDF pays all of the operating costs ($3,500) and was reimbursed by Larry receiving 12 cents for every personal KM he drove Larry drove 30,000 kilometers in 2019 of which 20,000 were for business. What is the minimum taxable benefit that Larry must include on his 2019 personal tax return?

Answer rating: 100% (QA)

Minimum taxable benefit is the value of the benefits which the employee has received from the employ... View the full answer