Ottawa, Ontario - "Drive Green: Company Car Tax Shift", a new proposal from the David Suzuki Foundation, would change the way company cars are taxed in Canada, and save employees and businesses money on gas and taxes while reducing greenhouse gas emissions. Drive Green would enable employees who drive fuel-efficient company cars to enjoy a tax reduction, while those who choose gas guzzlers would be taxed at an increased rate. Under current tax rules, employees who receive company cars pay additional income tax based only on the cost of the vehicle. Full Article
