TAX QUESTIONS? YOU ASK LAH!
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Q: My company provides a car for my use, and this benefit will be declared in my Form EA. Should the maintenance costs, such as servicing, repairs, annual road tax, and insurance premiums, also be declared in my Form EA as part of my employee benefits?
A: No, maintenance costs such as servicing, repairs, annual road tax and annual insurance premium are not regarded as part of the benefit of the employee.
Wishing you plentiful tax savings!
Zen Chow
YYC Tax Guru
