Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.
June 11, 2001
XXXXXXXXXX
Dear XXXXXXXXXX:
The Honourable Martin Cauchon, Minister of National Revenue, has asked me to reply to your correspondence of April 5,2001, concerning the taxation of employer-provided parking.
An employee is normally required to include in employment income the value of any benefit received or enjoyed because of his or her employment. Accordingly, the fair market value of an employer-provided parking space, minus any amount the employee pays for using the parking spot, is a taxable employment benefit.
We recognize that, in some cases, the fair market value of the parking space cannot be determined, such as when an employer is at a location where free parking is readily available to employees and non-employees. In these cases, an employee is not considered to be receiving a taxable employment benefit. In addition. there is no taxable employment benefit when the employer provides a free parking space for business reasons, and the employee is regularly required to use his or her vehicle to carry out his or her employment duties.
If you wish to discuss your personal tax situation, I invite you to contact Mr. Ken Slawson, Director at the Vancouver Island Tax Services Office, by calling 0-250-363-3169 collect, or by writing to 1415 Vancouver Street, Victoria, British Columbia V8V 3W4. Mr. Slawson is aware of our correspondence and will be pleased to assist you.
I trust the information provided is helpful.
Yours sincerely,
Bill McCloskey Assistant Commissioner Policy and Legislation Branch