Government of Canada / Gouvernement du Canada
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Income Tax Regulations

Version of section 7305.1 from 2018-03-27 to 2023-11-23:

 For the purpose of subparagraph (v) of the description of A in paragraph 6(1)(k) of the Act, the amount prescribed for a taxation year is

  • (a) if a taxpayer is employed in a taxation year by a particular person principally in selling or leasing automobiles and an automobile is made available in the year to the taxpayer or a person related to the taxpayer by the particular person or a person related to the particular person, 22 cents; and

  • (b) in any other case, 25 cents.

  • [NOTE: Application provisions are not included in the consolidated text
  • see relevant amending Acts and regulations.]
  • SOR/95-244, s. 6
  • SOR/99-239, s. 1
  • SOR/2000-326, s. 1
  • SOR/2001-253, s. 1
  • SOR/2003-266, s. 1
  • SOR/2005-265, s. 1
  • SOR/2006-250, s. 1
  • 2009, c. 2, s. 113
  • SOR/2014-118, s. 1
  • SOR/2016-296, s. 1
  • SOR/2018-56, s. 1

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