City records indicate you hold a parking permit for access to a municipal parking lot in downtown Guelph or you have requested a City-paid parking permit.
The Canadian Revenue Agency (CRA) has determined that the City of Guelph is required to levy a parking taxable benefit to all staff who receive a City-paid parking benefit. The taxable benefit is 55% of the Fair Market Value (FMV) of what a non-City of Guelph employee would pay for the cost of the parking permit (the FMV values are available at www.guelph.ca/parking -> Downtown Parking and are subject to change). You do not pay this taxable benefit amount, but income tax is calculated (approximately 30% of the taxable benefit amount) and remitted to the CRA on your behalf.
Please complete the fields below and be prepared to provide supporting documentation to the City of Guelph and/or to the CRA, as appropriate and upon request. If there is a change to your situation that would alter any of your answers to these questions, please notify Parking as soon as possible to ensure you are not over- or under-charged for this taxable benefit.
Retroactive reimbursements to your taxable benefit amount will not be made due to a failure to notify Parking of a change in your situation.