- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
On a T2125 for expenses how do I use the CRA mileage rate as opposed to adding gas, license, etc and claiming a pct?
Is there a way to claim the CRA mileage rate for auto use (T2125) as opposed to adding a breakdown of all auto related costs and taking a pct?
March 4, 2024
5:03 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Self-employed
Unfortunately as a business filling this form, the individual cost totals should be included in the T2125 so the accurate calculations can be done for the Canada Revenue Agency (CRA). You can always only add the KMS and see that the software will calculate the expense for you.
Please see our TurboTax video for further instructions:
How to claim vehicle expenses on your T2125
Thank you for choosing TurboTax.
March 4, 2024
6:07 AM