[Locke]

Originally Posted by accord1999

Uber is a great deal for passengers, but since you're considering being a driver have you looked at the calculation from that side?

With a fare of $22, that's about 20 km. That also means out of that fare, the driver got ($22-$1.85 SRF)*0.8 = $16.12. If we use the CRA allowance rate of 49c/km then the cost of driving 20 km is $9.80 leaving a net gain for the driver of $6.32. If the driver has an older fuel-efficient vehicle the costs are probably lower, let's say 30c/km. That results in a net gain of $10.12 for the trip.

However, this ignores all of the unpaid km driven to get to passengers. An optimistic ratio is 2 paid:1 unpaid. In this case, the net gain drops to $1.42 for operating costs of 49c/km and $7.12 for operating costs of 30c/km.

Finally, the current Calgary rate is high compared to Edmonton and Toronto where it's 85c/km. If it drops to match that rate (which almost always happens), then the driver with a higher operating cost vehicle will likely lose money on the trip or eek out a $4-$5 profit with the cheaper vehicle..

You wouldnt do that.

Thats the (very old) rate for corporate reimbursement not deduction.

I mean, it makes your calculation nice and simple, but it isnt how its done, or at least not how it should be done.