Automobile Benefits Online Calculator 2013

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The 2013 Automobile Benefits Online Calculator is now available on the Canada Revenue Agency Web site.

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Automobile Benefits Online Calculator – Disclaimer

The Automobile Benefits Online Calculator allows you to calculate the estimated automobile benefit for employees (including shareholders) based on the information you provide. The Canada Revenue Agency (CRA) does not keep any of the data you provide to complete your calculation.

The CRA suggests that you clear your browser cache after you have completed your calculations. That is because information may be stored in the browser cache and could be compromised by others if you do not clear it.

Use the calculator to determine the automobile benefit amount you should prorate to the employee’s pay periods. Add the resulting amount to the employee’s salary and other benefits/allowances, if applicable, to determine the total amount subject to Canada Pension Plan (CPP) / Quebec Pension Plan (QPP) contributions and income tax. The automobile benefit is not insurable and therefore not subject to employment insurance (EI) premiums.

CLICK HERE TO TO USE THE ONLINE CALCULATOR

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