PetroS
Returning Member

Investors and rental owners

Both the standby charge and operating benefit can be calculated by using the calculator provided by CRA which requires the following information:

  • Cost of the automobile if it was purchased (including sales tax)

  • Any capital additions to the vehicle (not regular repairs and maintenance)

  • Lease costs if the car is leased

  • Lease term

  • Province

  • Number of total kilometres driven during the year

  • Number of business and personal kilometres driven during the year

  • Any amounts reimbursed by the employee