Weekly Tax Tip
August 31, 2010
PARKING - NOT A TAXABLE BENEFIT
In a March 18, 2010 Tax Court of Canada case (Long vs. H.M.Q., 2009-3692(IT)I), the Court found that where the employee was provided a free parking spot occasionally, and he did not have a space specifically allowed to him, this was not a taxable benefit.
For further information see VTN Monthly Tax Update Seminar, Issue No. 345.