Can I claim expenses like mileage or items purchased with a contractor job where I received a T5018?

Since a T5018 is considered self employment, am I eligible to write off expenses incurred on this job on my income tax?


3 people found this helpful

Yes. You should be filing as Self-Employed reporting your income and expenses on the T2125 - Statement of Business Activities. When you file this way, you are still contributing to CPP,  with the remittance being submitted with your tax return.

You can claim items like supplies and materials purchased, and instead of claiming "mileage", you will be claiming "Motor Vehicle Expenses". This means you should have kept receipts for your expenses like fuel and repairs, and kept track of the actual kms you used for business purposes and the total kms driven.

A complete list of eligible business expenses can be found in this link to the CRA information:

Was this answer helpful? Yes No

No answers have been posted

More Actions

People come to TurboTax AnswerXchange for help and answers—we want to let them know that we're here to listen and share our knowledge. We do that with the style and format of our responses. Here are five guidelines:

  1. Keep it conversational. When answering questions, write like you speak. Imagine you're explaining something to a trusted friend, using simple, everyday language. Avoid jargon and technical terms when possible. When no other word will do, explain technical terms in plain English.
  2. Be clear and state the answer right up front. Ask yourself what specific information the person really needs and then provide it. Stick to the topic and avoid unnecessary details. Break information down into a numbered or bulleted list and highlight the most important details in bold.
  3. Be concise. Aim for no more than two short sentences in a paragraph, and try to keep paragraphs to two lines. A wall of text can look intimidating and many won't read it, so break it up. It's okay to link to other resources for more details, but avoid giving answers that contain little more than a link.
  4. Be a good listener. When people post very general questions, take a second to try to understand what they're really looking for. Then, provide a response that guides them to the best possible outcome.
  5. Be encouraging and positive. Look for ways to eliminate uncertainty by anticipating people's concerns. Make it apparent that we really like helping them achieve positive outcomes.

Select a file to attach:

Do you still have a question?

Ask your question to the community. Most questions get a response in about a day.

Post your question to the community