Fixed rate calculation
The fixed rate for 2023 is 33¢ per kilometre of personal use (including GST/HST and PST).
If the employee's main source of employment is selling or leasing automobiles, the fixed rate for 2023 is 30¢ per kilometre of personal use (including GST/HST and PST)
Rates for previous tax years can be found in older versions of the Guide T4130, Employers' Guide – Taxable Benefits and Allowances or in section 7305.1 of the Income Tax Regulations.
When you use the fixed rate calculation, you still have to keep records of this benefit.
- Calculating automobile benefits
- Government Announces the 2021 Automobile Deduction Limits and Expense Benefit Rates for Businesses and Temporary Adjustments to the Automobile Standby Charge due to COVID-19 (Department of Finance Canada website)
- Government announces the 2022 automobile deduction limits and expense benefit rates for businesses (Department of Finance Canada website)
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