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Personal Services Business
If the corporation is really just a 'corporate employee' and there aren't more than five full time employees, and multiple customers, these rules may apply. If they do, it isn't likely the company will qualify to claim any corporate business expenses other than what an employee could claim if they had a T2200 from their employer. Other expenses would be advances to the shareholder, and taxable to the shareholder as income. The company wouldn't qualify for the small business tax reduction, meaning any income left in the company and not T4'd out to the owner/manager would be taxed at the highest corporate tax rate.
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| Employee rules are NOT same as self-employed |
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Meals for long-haul truckers
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Meals & Lodging (including showers)
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Documenting use of vehicles
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Km rates
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Transportation employees
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Employees of a transport business
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IC73-21R9 Claims for Meals & Lodging
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Other Transport Employees
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T4044 Employment Expenses Guide
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T2200 Declaration of Conditions of Employment
Recommendation: Prepare a legal, signed, contract of employment that sets out terms and conditions in writing to back up a T2200
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T777 Statement of Employment Expenses
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Trips to the United States
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TL2 Claims for Meals & Lodging Expenses
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GST/HST Rebate on GST 370
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| Self-employed truckers (no flat rates) |
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Expenses claim on a T2125
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Motor Vehicle Expenses (automobile)
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Type of vehicle affects expenses
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Travel to earn business income
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Line 8523 Meals & entertainment
See section on long-haul truckers 75% for 2010, 80% after 2010 of amounts consumed during eligible travel period of at least 24 continuous hours away, while driving a long-haul truck beyond radius of 160 km's from residential location
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