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: 
Andre_Mb
Returning Member

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?

1 Reply
TurboTaxHeba
Intuit Alumni

Work related Vehicle Expense VS Per-km Allowance

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