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?