Principal Changes – Taxable Benefits
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.
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.
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.
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%|