When employers provide cars (or car allowances) to their employees to use as part of their jobs, the tax implications can be remarkably complex.
To help, this booklet provides a general outline and analysis of the relevant tax rules as they stood on January 10, 2008. It also addresses the tax consequences that arise when an automobile is supplied to a shareholder or partner or when a self-employed person uses an automobile for business.
To find out more, please download the Adobe Acrobat file below: "Car Expenses and Benefits — A Tax Guide 2008.pdf."
Automobile Log
Also below is a log that can be printed and used to track business and personal driving: “Car Expenses and Benefits: Employee Log.pdf”
One-Page Update to the 2004 Guide
The 2008 edition of Car Expenses and Benefits — A Tax Guide is available electronically only. A one-page update that outlines key changes to the 2004 printed Guide is also available: "Car Expenses and Benefits: Update for 2005 to 2008."
Important Downloading Instructions for PDFs
For optimal viewing and to enable the hyperlinks used in the two documents, the files must be saved in the same folder on your computer.
To download the PDF files to your computer, click and hold the 'right' mouse button on the link above and select "Save Link As..." or "Save Target As...".
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