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Income Tax T2200
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06-18-2011, 10:14 AM
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Mccree
#1 Goaltender
Join Date: Sep 2003
Location: Calgary
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Quote:
Originally Posted by
cal_guy
If you view that your employer's allowance is unreasonable then you would include your car allowance as taxable income, and report your automobile expenses.
Here are a couple of good sites for deducting employee expenses
http://www.bdo.ca/library/publicatio...ns/012007a.cfm
http://blog.taxresource.ca/if-you-us...or-employment/
http://www.cra-arc.gc.ca/tx/ndvdls/t...rvhcl-eng.html
We do this all the time. Never any issues as long as you have a log book to back up the km's
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