Employee ParkingParking for employees is available at reduced rates. BCIT employee parking is treated as a taxable benefit, according to the Canada Revenue Agency (CRA). The taxable benefit varies for each campus and employee designation. The amount of the benefit is based on the fair market value of the parking, minus any payments made by the employee for parking.
Employee parking at BCIT is optional and those who participate have the ability to opt out any time during the year. Once an employee has opted out, a parking permit can be repurchased on one of the four dates: January 1, April 1, July 1 or October 1. The actual purchase date may occur within three days before or after the start of the month.