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Returning Member
posted Sep 30, 2020 7:17:00 AM

Work related Vehicle Expense VS Per-km Allowance

When using your personal vehicle for work related travel (i.e. pick up supplies), your employer can reimburse you by paying you a reasonable per-kilometer allowance (2020=$0.59/km for first 5,000km).

 

Self-employed individuals (i.e. unincorporated proprietorship) are allowed motor vehicle expenses, calculating vehicle expenses (fuel, license, maintenance, ect.) and deducting the % of costs based on business/personal use.

 

Can a owner-employee of a corporation (also officer), be reimbursed for work related travel expenses using a Per-Kilometer Allowance instead of Vehicle Expense method?

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1 Replies
Intuit Alumni
Feb 2, 2021 7:40:26 AM

For questions related to corporate returns, you can contact Profile for more help:

https://quickbooks.intuit.com/learn-support/profile-community/misc/03/profile-en-ca