webTOD ABC webTOD ABC 
On This Page
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HOW TO USE WEBTOD ABC |
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EMPLOYEE INFORMATION |
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AUTOMOBILE COSTS |
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OPERATING COSTS |
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USE AND AVAILABILITY |
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REIMBURSEMENTS |
Enter the Employer's name. This field is optional - a blank field will be accepted by the application. If a value is entered, it will appear at the top of the Automobile Benefit Calculation Worksheet screen showing the results for the calculation. A browser 'cookie' will be stored on your computer so that the same Employer name will appear when you use the webTOD ABC application in the future.
Enter the Employee's name. This field is optional - a blank field will be accepted by the application. If a value is entered, it will appear as the 'Employee' on the Automobile Benefit Calculation Worksheet screen showing the results for the calculation.
Enter the Employee's Social Insurance Number (SIN). This field is optional - a blank field (or the default SIN of 000000000) will be accepted by the application. If a value is entered, it will appear on the Automobile Benefit Calculation Worksheet screen showing the results for the calculation. To test whether a number is a valid SIN, use the 'Validate' button to the right of the field. The application will display a message telling the user whether the entered value is a valid Social Insurance Number. Employers are required to obtain valid Social Insurance Numbers from all employees.
Automobile costs are used in the calculation of the standby charge, which represents the benefit employees enjoy when an employer-owned automobile is available for the personal use of the employee.
This is a required field. Enter the total cost of the employer-owned automobile. The total cost of the automobile is the cost of the automobile when it was purchased, including options, accessories, PST and GST/HST, but not including any reduction for trade-in, plus the cost of additions (including PST & GST/HST) made to automobile after it was purchased. The amount entered must be greater than $1 - a blank field or an amount less than $1 will cause an application error.
This is a required field. Enter the total monthly leasing cost of the employer-leased automobile. The total monthly leasing cost includes the rental cost for the automobile plus any associated costs, such as maintenance contracts, excess mileage charges, terminal charges less terminal credits, and PST/GST/HST, that you pay to the lessor under the leasing contract. Leasing costs do not include liability and collision insurance costs. The amount entered must be greater than $1 - a blank field or an amount less than $1 will cause an application error.
This is a conditional required field - the user must enter a value in one of the two average cost fields presented. If this field is left blank, then a value will be required in the following field. Enter the average cost of all automobiles acquired for sale or lease during the year. The amount entered must be greater than $1 - an amount less than $1 will cause an application error.
This is a conditional required field - the user must enter a value in one of the two average cost fields presented. If this field is left blank, then a value will be required in the preceding field. Enter the average cost of all NEW automobiles acquired for sale or lease during the year. The amount entered must be greater than $1 - an amount less than $1 will cause an application error.
Select 'Yes' if the employee reimburses the employer for 100% of operating expenses attributable to personal use. Reimbursement must occur during the year or no later than 45 days after the year-end. The default value is 'No'.
Select 'Yes' if the employee has filed a written notice electing to use the alternative method of calculating the operating cost benefit (one-half the standby charge). This method may not be beneficial in all cases. To qualify for this method, the employee must use the automobile more than 50% in the course of their office or employment, and they must request (in writing before the end of the year) that you use this method. The default value is 'No'.
This is a required field. Enter the total kilometers driven during the year with the automobile. The kilometers entered must be greater than 1 - an amount less than 1 kilometer will cause an application error.
This is a required field. Enter the total business-use kilometers driven during the year with the automobile. The value entered will be used to calculate the business-use percentage (based on total kilometers driven) and the number of personal kilometers driven during the year. The default value is 0.
This is a calculated field. When you enter values for total kilometers and business-use kilometers, the application will automatically calculate the difference and attibute it to personal-use kilometers. You cannot enter a value into this field.
This is a required field. Enter the number of days during the year that the automobile was made available to the employee. This value is used to calculate the standby charge benefit. The value entered must be between 1 and 366 days. An invalid value will cause an application error.
Enter the total amount attributable to the Standy Charge Benefit that the Employee reimbursed the Employer during the year or within 45 days of the year-end. This field is optional - it will default to $0.00.
Enter the total amount attributable to the Operating Cost Benefit that the Employee reimbursed the Employer during the year or within 45 days of the year-end. This field is optional - it will default to $0.00.
©2005 Middle Earth Technologies Ltd.
