April 9, 2018

These are the rules of the road when it comes to deducting automobile expenses on your taxes

It’s tax time in Canada, and if you are planning on writing off car expenses, you need to meet certain conditions. To qualify, you need to travel or work remotely, be paying expenses out-of-pocket, and not be receiving a non-taxable vehicle allowance. You’ll also require form T2200 to be signed by your employer. If you meet these four conditions, then you are eligible to receive a deduction for use of your vehicle while you are working.

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