Thread: Tax Question
View Single Post
Old 04-14-2013, 09:39 AM   #7
Locke
Franchise Player
 
Locke's Avatar
 
Join Date: Mar 2007
Location: Income Tax Central
Exp:
Default

If you're required to use your vehicle for work and your company signs a T2200 to that effect then you are entitled to deduct your expenses incurred to earn employment income net of any untaxed reimbursements to the extent that they were work related.

Being a company or sole proprietorship is immaterial. This is a very common practice in sales.
__________________
The Beatings Shall Continue Until Morale Improves!

This Post Has Been Distilled for the Eradication of Seemingly Incurable Sadness.

The World Ends when you're dead. Until then, you've got more punishment in store. - Flames Fans

If you thought this season would have a happy ending, you haven't been paying attention.
Locke is offline   Reply With Quote