Principal Changes for 2014: RL-1 Slips
Allowance for the use of a motor vehicle
For 2014, the per-kilometre rate for the use of a motor vehicle that you pay an employee that we consider reasonable is $0.54 for the first 5,000 kilometres and $0.48 for each additional kilometre.
Operating-costs benefit related to an automobile made available to an employee
For 2014, the per-kilometre rate used to calculate the operating-costs benefit related to an automobile made available to an employee is $0.27. For employees engaged principally in selling or leasing automobiles, the per-kilometre rate is $0.24.
Additional information pertaining to the security option deduction
The additional information for code L-6 (Security option deduction) has been replaced by the following:
- L-9 (Security option deduction under section 725.2 of the Taxation Act);
- L-10 (Security option deduction under section 725.3 of the Taxation Act).
For more information, refer to the document Taxable Benefits (IN-253-V).