Reporting automobile or motor vehicle benefits on the T4 slip

Report the value of the benefit including the GST/HST that applies in box 14, "Employment income," and in the "Other information" area enter code 34 at the bottom of the employee's T4 slip. For more information, see T4 - Information for employers.

Shareholder's benefit

The automobile or motor vehicle benefit to the shareholder of a corporation (or a person related to the shareholder) has to be included in the income of the shareholder.

Report the benefit on a T4 slip when the individual is both a shareholder and an employee and you provide the vehicle to the individual (or a person related to that individual) in his or her capacity as an employee.

Report the benefit in box 028, "Other income" in the "Other information" area at the bottom of the T4A slip in either of the following situations:

• The shareholder is not an employee.
• The individual is a shareholder and an employee, and you provide the vehicle to the individual in his or her capacity as a shareholder.

For more information, see T4A - Information for payers.

Related topics

• Calculating automobile benefits

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