Allowance for the use of a motor vehicle

For 2023, the per-kilometre rate we generally consider reasonable for determining if the allowance you pay to an employee for the use of a motor vehicle is reasonable is $0.68 for the first 5,000 kilometres and $0.62 for each additional kilometre.

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

For 2023, the per-kilometre rate for calculating the operating-costs benefit of an automobile made available to an employee for personal use is $0.30 if the employee is engaged principally in selling or leasing automobiles. In all other cases, it is $0.33.

Meals

For 2023, the maximum price for calculating the value of the benefit related to meals provided to a restaurant or hotel employee is $9.88. For 2024, it is $10.69.

Lodging

For 2023, the maximum weekly price for calculating the value of the benefit related to lodging provided to a restaurant or hotel employee is $54.75. For 2024, it is $58.00.

The table below lists the prescribed interest rates for 2023 for calculating the value of the benefit related to a low-interest loan granted to an employee or a shareholder.

Contributions you make to a first home savings account (FHSA) for an employee and related administrative costs you pay are a taxable benefit if the amounts are not withheld from the employee's remuneration. You have to include the benefit in boxes A and L and, where applicable, in box G or box I of the employee's RL-1 slip. Go to the Benefit Provided to an Employee page.

For more information, go to the FHSA Contributions Made by the Employer page.