Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
twang090
New Member

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

1 Reply

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.