The automobile benefits online calculator allows payroll to calculate the estimated automobile benefit for withholding purposes based on the information provided. The Canada Revenue Agency (CRA) does not retain any of the data provided to complete the calculation.
The calculator can be used to determine the automobile benefit amount that should be prorated to the employee's pay periods.
To use the tool, add the resulting amount to the employee's salary and other benefits and allowances, if applicable, to determine the total amount subject to Canada Pension Plan/Quebec Pension Plan contributions and income tax. The motor vehicle benefit is not insurable and therefore not subject to employment insurance premiums.
The CRA suggests that users clear their browser cache after they have completed their calculations, as information may be stored in that browser cache and could be compromised by others if the browser cache is not cleared.
The calculator is available at www.cra-arc.gc.ca/ebci/rhac/welcome.do.