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Calculate diane annual automobile taxable benefit

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Question - Diane Jutras works for Creative Landscaping in Northwest Territories and is provided with a company-leased automobile. The automobile was in Diane's possession for 365 days. Of the 38,088 kilometres driven, 18,318 kilometres were for business purposes, The monthly lease cost of the vehicle was $234.60, excluding the GST calculated at 5%. Diane requested in writing that Creative Landscaping use the optional operating cost method if all the conditions apply. She did not reimburse the company for any of the expenses associated with the automobile. Calculate Diane's annual automobile taxable benefit?

Reference no: EM133122896

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