You're allowed to reimburse km's tax free if the rate is reasonable, and CRA posts what that rate is on their website. But do you think I could find it with the search engine just now? I tried all sorts of combinations, none of which brought up anything about reimbursement of km's tax free.
I had to resort to my own notes and TaxLinks for vehicles once again. Here's what I was searching for:
Automobile allowance rates (not a breath about tax free km's anywhere to be seen... but that's what we all call it)
And I noticed this article is posted there from 2006..
Just in case you were wondering about the complexities of vehicles and tax...
Driving my life away...
Reimbursed km's.. an afternoon rant...
4:13 PM |
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