Accounting, Bookkeeping, Income Tax Preparation, And Consulting Forum

The new Automobile Benefits Online Calculator effective January 1, 2012 is now available on the CRA Web site.

The Automobile Benefits Online Calculator allows you to calculate the estimated automobile benefit for withholding purposes based on the information you provide that would be added to an employee’s T4 for 2012.

T4130 – Employers’ Guide Taxable Benefits and Allowances

Check out Chapter 2 – Automobile and Motor Vehicle Allowances and Taxable Benefits section.

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