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I use My vehicle for courier deliveries. Vehicle expenses, commercial insurance, repairs etc. can they be claimed. If so how and which pkg should I get to do this prope

 
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I use My vehicle for courier deliveries. Vehicle expenses, commercial insurance, repairs etc. can they be claimed. If so how and which pkg should I get to do this prope

You are considered self-employed, and you can deduct the business-related expenses associated with your work.

If you use it exclusively for your business, you can deduct all of the expenses related to that vehicle.

Vehicle-related business expenses you can claim on your tax return include:

  • gas
  • insurance
  • repair costs
  • parking fees

If you use your vehicle for both business and personal use, you can deduct a percentage of those costs based on how often you use your car for business. For example, if you drive your vehicle 25,000 kilometers in a tax year and 5,000 of those kilometers are for business purposes, you can deduct 20% of your vehicle expenses from your self-employment income.

 

You can check a step by step on how to proceed: How do I claim vehicle expenses if I'm self-employed? 

 

 

For more information, visit Tax Deductions for the Self-Employed 

 

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