Kristin Rushowy Staff Reporter
There is no such thing as free parking — even if you work at a parking lot.
While the Toronto Parking Authority put up a fine fight, it has lost its appeal to overturn a tax court ruling that says employees who park their own cars for free while on the job must claim it as a taxable benefit.
“You are hearing more and more of a taxable benefit being applied to parking,” said Gwyn Thomas, president of the parking authority, adding he wasn’t surprised by the ruling.
Employees park their personal vehicles at lots for a variety of reasons, he added.
“We have shifts — day shifts and night shifts — and employees parking in lots to work … it was all for business.”
But, if they park without paying, it’s a taxable benefit, the tax court has ruled.
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https://www.thestar.com/news/gta/article/796792–no-free-parking-not-even-for-parking-lot-employeesoldId.20100425131622973
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