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Ms Sarah Wexler Is Provided with a Car by Her

Question 74

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Ms. Sarah Wexler is provided with a car by her employer. It is leased by the employer for $728 per month, including $78 of HST. The lease payment also includes a payment of $50 per month to cover insuring the vehicle. During 2020, Ms. Wexler uses the car for 10 months. During the other 2 months, the employer requires that it be returned to their premises. She drives the car 76,000 kilometers during this period, of which 23,000 are for personal use. Calculate Ms. Wexler's minimum taxable benefit for the use of the automobile.

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