Parking

Rules of Application

• Employer provided parking is generally a taxable benefit.
• Exceptions:
• employer provides parking to employees for business purposes and employees regularly have to use automobiles to perform their employment duties;
• FMV cannot be determined (i.e. parking is available to both employees and non-employees or employer provides scramble parking (first come, first served basis))

Computation of Benefit

• Benefit = FMV of parking.
• GST/HST and QST applies on this taxable benefit.