Automobile Benefit Calculator

Know Your Taxable
Automobile Benefit

Enter your vehicle details and kilometres driven. Standby charge and operating benefit calculate instantly using CRA rates.

Greywood
Advisory

Automobile Benefit · 2026CRA Calculator

01

Vehicle

Owned or leased by employer
Original cost including HST/GST
$
Months available Months vehicle was available for personal use
12
02

Kilometres Driven

For the year
All km, personal and business combined
km
Commuting counts as personal use
km
Business kilometres Calculated: total minus personal
0 km
03

Operating Costs

Taxable benefit
Automobile Benefit — CRA 2026
Benefit breakdown
Standby charge2% × cost × months (owned)
$0.00
Operating cost benefit
$0.00
Total benefit $0.00
Estimate only, using 2026 CRA rates ($0.34/km operating). Reduced standby charge applies only if your employer requires you to use the vehicle for work, business use is over 50%, and personal km ≤ 20,004/year. Confirm with your adviser before filing.
London, Ontario greywoodadvisory.ca

About this estimate

This is the benefit your employer adds to your T4, not an expense you deduct. The standby charge covers having the vehicle available to you; the operating benefit covers the personal kilometres you actually drive. Keeping personal use down is what moves both. Our company car taxable benefit guide works through both charges in full, including the payroll election that can cut the operating benefit.

If the vehicle is your own and you're claiming its costs against self-employment income, that's the opposite calculation — the self-employed guide covers how the logbook and business-use percentage work. To see the benefit's effect on what you'll owe, run the figure through the tax estimator.