All items tagged with: motor vehicle expenses

Driving for Uber: Tax Requirements in the Gig Economy

Posted: January 22, 2019
Posted in: Strategic Thinking , CRA, tax credits, Canada Revenue Agency, motor vehicle expenses, Canadian income tax calculator, gig economy, Uber, tax for Uber

Beware the taxman, Uber drivers. The rise of the gig economy comes with its own unique challenges from a tax perspective, and an appeals case from Uber Canada Inc., currently with the Tax Court of Canada sheds light on the grey areas that exist.

What Else Is New in 2019? Auto Expense Deduction Changes

Posted: January 08, 2019 By: Evelyn Jacks
Posted in: Strategic Thinking , tax credits, Evelyn Jacks, motor vehicle expenses, tax deductions, business write-offs, tax write-offs, auto expenses, auto expense deduction rates, expense deductions

Did you check your odometer reading at the start of the year? Finance Canada confirmed its 2019 auto expense rates on December 27, but they don’t quite measure up to cover the carbon taxes that increase the cost of driving, including the increased gas prices as of January 1. Those who use passenger vehicles for business will be disappointed that their write-offs haven’t changed at all, unless a new vehicle was purchased after November 20, 2018.

Travel expenses for medical, moving and Northern residents deduction claims

Posted: January 15, 2013
Posted in: Breaking News, Bookkeeping and Accounting, Tax Planning , motor vehicle expenses, Medical expenses, Moving Expenses, Northern residence deduction.

The Canada Revenue Agency (CRA) seems to think it cost less to operate a vehicle in Canada in 2012 than in 2011.