Calculation of an Automobile Benefit
You can use this work chart to determine the value of a benefit related to an automobile made available to an employee, a shareholder, a partner or a person related to one of those persons.
This work chart applies to 2017 and subsequent years.
In the context of COVID-19, an employee who used an automobile more than 50% of the time in the performance of their duties in 2019 is also considered to have used the automobile more than 50% of the time in the performance of their duties in 2020 and 2021, if the automobile is provided by the same employer as in 2019.
Accordingly, when you calculate the value of the benefit related to an automobile for 2020 and 2021, you can apply the reduction of the value of the standby charge and use the simplified method to determine the value of the operating-costs benefit (regardless of whether the employee informed you in writing before the end of the year of their intention to use the simplified method).
The value of the benefit related to an automobile must be calculated using the information for the 2020 and 2021 taxation years.
For information regarding the measures, see information bulletin 2020-16.