- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Can I charge my corp mileage for use of my car, instead of entering CCA/expenses? Ex: CRA rate 55 cents for 1st 5k. If I drove 5K, corp pays me $2,700 - tax free.
I'm missing most of my fuel receipts, and I've heard I can just bill my company for mileage instead of the complexity of CCA/expenses. 2nd Question - If I have a choice, is one clearly better tax wise than the other?
posted
October 31, 2019
12:36 AM
last updated
October 31, 2019
12:36 AM
1 Reply
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Can I charge my corp mileage for use of my car, instead of entering CCA/expenses? Ex: CRA rate 55 cents for 1st 5k. If I drove 5K, corp pays me $2,700 - tax free.
Hello,
This question is taxes in nature please contact the CRA tax tip line for more information 1-800-267-6999.
October 31, 2019
12:36 AM