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New Member

I use my personal vehicle for work. I am reimbursed 55 cents per kilometre. Am I permitted to debut the loan, maintenance, depreciation and or any other expenses?

 
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New Member

I use my personal vehicle for work. I am reimbursed 55 cents per kilometre. Am I permitted to debut the loan, maintenance, depreciation and or any other expenses?

No, if you are being reimbursed on a milage basis as an employee you cannot claim employment expenses for vehicle use. Only if your employer issued you a T2200 and ceased to reimburse you.

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New Member

I use my personal vehicle for work. I am reimbursed 55 cents per kilometre. Am I permitted to debut the loan, maintenance, depreciation and or any other expenses?

No, if you are being reimbursed on a milage basis as an employee you cannot claim employment expenses for vehicle use. Only if your employer issued you a T2200 and ceased to reimburse you.

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New Member

I use my personal vehicle for work. I am reimbursed 55 cents per kilometre. Am I permitted to debut the loan, maintenance, depreciation and or any other expenses?

Thank you for your prompt reply -that is what I thought - a friend of mine, who pays an accountant to do his taxes, has been been claiming everything except fuel - he has been claiming maintenance, interest on the loan, depreciation. Perhaps his accountant did not know he was also receiving 46 cents per kilometre.
Is there a difference if I am self employed, which I am?