Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 24, 2022 7:06:27 PM

how to report per km cost on t2125 for sole proprietorship

the car is owned by my wife not myself, so attempting to do a mileage cost per km follow CRA guidance Automobile allowance rates - Canada.ca. But unable to find where to enter this in the T2125 form, please help thanks

0 1 398
1 Replies
Moderator
Apr 27, 2022 2:17:57 PM

Unlike in the US, there is no way to "claim mileage" for self-employment, rental or employment expenses. You must claim your automobile expenses based on your actual receipts and how much you used the car for work/business purposes. 

 

The link that you have given is for employers who want to give their employees an automobile allowance that is low enough that it is not considered a taxable benefit.