Quote:
Originally Posted by Locke
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. |
I use the CRA figure as an estimate of what it costs to drive (and not for any tax purposes). It's high for the average sedan but it's not really out of line compared to CAA estimates, or for Uber drivers using nice vehicles like the A4 mentioned earlier. I also use 30c/km to show potential earnings with a lower cost vehicle.