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
how to report per km cost on t2125 for sole proprietorship
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.
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.
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