Comment 112666

By KevinLove (registered) | Posted July 08, 2015 at 12:52:27

As a professional Accountant, I will note that for an employer to provide "free" car parking is a taxable benefit. Or at least is was when I did personal taxes many years ago. I'll have to do a bit of research and see if this is still true.

For those employees who use this car parking, this benefit should be added to their T4 and they should be paying income tax on it.

Unfortunately, CRA is not enforcing the law against car drivers... And has not for many years... sigh...

Failure to collect taxes owed means, of course, that the rest of us have to pay more to make up for the loss.

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