The Canada Revenue Agency (CRA) has stepped in and told the City of St.Thomas that parking passess provided to employees are a taxable benefit.  As such, staff will be charged an average of $339 / per year for the use of these permits.  St.Thomas provided permits to its employees and this enables them to park in the downtown area.  The amount the CRA will collect is based on the Fair Market Value of those spots, or what the spot would earn in an open market.  St.Thomas divides its downtown parking lots into three groupls and the price is an average of the three.

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Harold Kewley

Harold Kewley

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CENTURY 21 Network Realty Ltd., Brokerage*
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