CCH iFirm Tax Forms 2021.20.31

T4 - Kilometers Driven (AutoTax)

This information enables the program to calculate the standby charge. It also allows Taxprep Forms to determine the employer"s eligibility for the paragraph 6(1)(k) ITA election under which, the operating costs benefit is equal to 50% of the standby charge.

See Also

Business Use of Automobile

Reducing the Operating Cost Benefit