| Item | 2024 | 2023 | 2022 | |||||
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Non-taxable allowance for employee-owned automobiles1 |
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First 5,000 of employment related km |
$0.70/km | $0.68/km | $0.61/km | |||||
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Additional employment related km |
$0.64/km | $0.62/km | $0.55/km | |||||
| Yukon, NWT & Nunavut | ||||||||
|
First 5,000 of employment related km |
$0.74/km | $0.72/km | $0.65/km | |||||
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Additional employment related km |
$0.65/km | $0.61/km | $0.59/km | |||||
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Taxable Benefits |
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Employer paid operating costs for personal km |
$0.33/km | $0.33/km | $0.29/km | |||||
|
Employees selling or leasing automobiles for personal km |
$0.30/km | $0.30/km | $0.26/km | |||||
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Automobile Standby Charge |
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The standby charge benefit recognizes that the employee is receiving a benefit by having the automobile available to them during the year for their personal use. The standby charge is calculated based on:
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