Principal Changes – Taxable Benefits

These are the principal changes regarding taxable benefits granted in 2019.

Rates related to the use of an automobile

Allowance for the use of an automobile

For 2019, the per-kilometre rate that we consider reasonable is $0.58 for the first 5,000 kilometres and $0.52 for each additional kilometre.

Operating-costs benefit related to an automobile made available to an employee

For 2019, the per-kilometre rate for the personal use of an automobile is $0.25 if the employee is engaged principally in selling or leasing automobiles. In all other cases, it is $0.28.

Rate used to calculate a benefit related to the standby charge for an automobile made available to a shareholder in the automobile sector

As of 2020, you have to use the 2% rate (and can no longer use the reduced 1.5% rate) to calculate the value of a benefit related to the standby charge for an automobile made available to a shareholder (or to a person related to a shareholder) who principally sells or leases automobiles. With this change, the rate used under the Québec tax system is harmonized with the rate used under the federal tax system.

Lodging and meals provided to a hotel or restaurant employee

Meals

For 2019, the maximum price for calculating the value of the benefit related to meals provided to a hotel or restaurant employee is $8.71. For 2020, it is $8.93.

Lodging

For 2019, the maximum weekly price for calculating the value of the benefit related to lodging provided to a hotel or restaurant employee is $50.50. For 2020, it is $51.25.

Low-interest loans

The table below provides the prescribed interest rates for 2019 for calculating the value of the benefit related to a low-interest loan granted to an employee or a shareholder.

Period of the year Prescribed interest rate for 2019
1st quarter / January 1 to March 31 2%
2nd quarter / April 1 to June 30 2%
3rd quarter / July 1 to September 30 2%
4th quarter / October 1 to December 31 2%

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