- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Can i use rate per km for employment expenses
If you have a T2200 allowing deducting of employment expenses, instead of adding up all car expenses and taking a %, can you use a per km rate? ie. 58 cents per km?
October 31, 2019
4:01 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Self-employed
There is no simplified method for the T777. The per KM rates are only if you are an employer and you wish to give an allowance to your employees. On the T777 you must use your actual expenses paid, backed with receipts.
October 31, 2019
4:01 AM