If you use more than one of your vehicles for business, you don’t have to use the flat-rate mileage allowance option in all cases, you could claim the actual cost for some, and mileage allowance for others. However, once you start using the flat rate mileage allowance option for a veh...
Learn how to deduct business travel expenses like transportation, lodging, and meals. Discover CRA rules, eligible costs, and tips to maximize tax deductions.
Knowing and understanding deductible travel expenses can help you increase the amount you’re able to claim on your tax return. Check with your employer to see if they already have a standard meal allowance or have set mileage reimbursement rates. Also, make sure that you keep the original rec...
Clarence Timmins has a home-based job but he does not own the house. Can he claim that deduction on taxes? Home-based jobs: A home-based job is a work or duty performed at home rather than in a workspace designed by an employer for that speci...
Mileage allowance As a self-employed person, you can add up all your motor expenses for the year and work out the separate business element of the total cost. However, keeping track and working this out takes time and effort. Instead,you can claim mileage allowance, a simplified expense that...