Automobile you own

Base the standby charge on:

• 2% of the automobile's cost to you;
• the number of 30-day periods in the year the automobile was available to the employee;
• the personal driving done while the automobile was available to the employee; and
• the amount of any payment (reimbursement) you got from the employee for the standby charge.

Availability

A vehicle is available to employees if they have access to or control over the vehicle. Access ends when an employee returns all the vehicle's keys.

Your automobile costs

The cost of your automobile for determining the standby charge is the total of the following two amounts:

• the cost of the automobile when you bought it, including options, accessories, and GST/HST and PST, but not including any reduction for trade-in; and
• the cost of additions (including GST/HST and PST) you made to the automobile after you bought it (that you add to the capital cost of the automobile to calculate the deduction for depreciation).
  
  

Specialized equipment you add to the automobile to meet the requirements of a disabled person or for employment such as cellular phones, two-way radios, heavy-duty suspension, and power winches are not considered to be part of the automobile's cost for purposes of calculating the standby charge.

Related topics

• Calculating automobile benefits