• Car expenses

    The payment or reimbursement of employee car expenses, such as registration, is an expense payment fringe benefit.

    The taxable value is the amount you reimburse or pay, reduced by the otherwise deductible rule (refer to section 9.4). There are special rules determining the otherwise deductible amount for car expense payment benefits (refer to Employee cars - applying the 'otherwise deductible' rule).

      Last modified: 20 Jan 2014QC 17823