02-02-2015, 03:14 PM
(01-31-2015, 02:48 PM)BuildingScout Wrote: First, I understand CRA now taxes all parking at full price,What I've heard on that, is that the CRA taxes you on the market rate of the parking. This is what happened to the City of Kitchener employees. They park in public garages that have set rates, but were not being taxed on the free parking they were given. The CRA caught it, because other people in the same garages were paying for those spots, and therefore the spots were clearly demonstrated to have value.
Private lots, meanwhile, have no price that the public can pay to park. The company can set a rate it charges their employees, but that rate may not be a true "market" rate, and there is no easy way for the CRA to otherwise prove that rate is not the market rate, because there is no public parking.
I was told this was a reason why BlackBerry would never allow paid parking to university patrons at their Philip/Columbia lot, because it would define a public price for their parking, which could snowball into setting a rate that every employee's free parking could be taxed at.