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?
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.
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.
Thank you!
massie2022
New Member
Independent Tax Filer
Level 2
denise-sofia-liv
New Member
lkeis-telus-net
New Member
cort953579
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.