The total taxable benefits pertaining to a company car made available to an employee for his personal use consists of: a. $0.53 per personal kilometre driven in the year b. standby charge + operating cost benefit c. operating cost benefit only d. standby charge +$0.53 per personal kilometre driven in the year The total taxable benefits pertaining to a company car made available to an employee for his personal use consists of: O a.$0.53 per personal kilometre driven in the year Ob.standby charge +operating cost benefit O c.operating cost benefit only O d.standby charge +$0.53per personal kilometre driven in the year
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An example of a taxable benefit would be: a. Airline tickets to travel to an office event b. A paid gym membership c. Use of a company car while working. d. An ergonomic chair provided for the employee to use at the office e. Tuition paid for a WordPress course required for work.
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On October 1, 2022, B's employer provided her with the use of a car. The car was purchased for $42,000 (including tax). The employer will also pay for the operating expenses that are expected to be $2,500 annually. B will drive the car 1,800 km per month, of which 800 km will be for employment purposes. What amount is included in B's employment income for tax purposes in 2022?
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