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Drivin' my life away, lookin' for a sunny day
Originally published by Intuit in Vol 2 Issue 5: ProConnection: February 2006
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Creatures of Habit...Km Logs...
Originally published by Intuit in Proconnection in March 2005
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NEW! Documenting use of a vehicle
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Travel for medical reasons
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Travel for moving expenses
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Km rates for medical/moving/northern
Notice the rates are for last year and that they are NOT the same rates as those for tax-free km reimbursements for employees. (see below)
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| Types of vehicles |
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Types of Vehicles - owned or leased
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Vehicle chart
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Type of vehicle affects deductions
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Motor vehicle
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Passenger vehicle
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Automobiles
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| Recreational Vehicles |
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P-104 Meaning of ...
Mobile Home, Residential Unit and Residential Complex in the Context of Mini-homes, Park Model Trailers, Travel Trailers and Motor Homes
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| Rental income/leasing costs |
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Single or Multiple rental properties
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Motor vehicle leasing / rental income
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Chart: Calculate eligible leasing costs
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| Employers / Employees / Shareholders |
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RC18 Calculating benefits
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Allowances
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Tax Free Km rates for employees
NOT the same rates as for medical/moving/northern residents (see above)
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Motor vehicle expenses
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Commission vs Salary
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Allowable motor vehicle expenses Line 229
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Allowable motor vehicle expenses Commission sales
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Benefits and Allowances: What's New & Topics
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How to calculate allowances
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Meal and vehicle rates
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Parking
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Standby charges: Personal use
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Transportation or travel benefits
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| Exceptions |
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Reimbursements and Advances
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Providing a vehicle other than an automobile
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Security exception
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IT News # 40: special rules
Admin Policy change: 2009: Taking vehicles home overnight
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IT 91 Special or Remote Work
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Part time 80 km exception
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Prescribed zones
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Northern residents deductions
...tax relief based on travel and living costs
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Transportation employees
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| Self-employed |
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Motor Vehicle Expenses (automobile)
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Deductible expenses (detail)
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Claiming CCA
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IT 478 CCA:Recapture & Terminal Loss
Class 10.1 prevents recapture
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Non-arms length transactions
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| GST/HST claims |
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TaxTips info page
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How to calculate ITCs
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GST/HST ITC claims for vehicles
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Corporate
The input tax credit (ITC) for a passenger vehicle and aircraft of a corporation is based on the general rules for capital personal property. The rules are:
if you use the passenger vehicle or the aircraft primarily (more than 50%) in your commercial activities, you can claim a full ITC;
if you use the passenger vehicle or the aircraft 50% or less in your commercial activities, you cannot claim an ITC.
Note:You cannot claim an ITC for the portion of the purchase price over $30,000 for a passenger vehicle. If you are renting the passenger vehicle, the threshold is $800 per month.
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Non Corporate: usually ITC on CCA
Individuals and partnerships usually claim input tax credit (ITC) for passenger vehicles and aircraft based on the capital cost allowance (CCA) claimed for income tax purposes.
If the use in commercial activities is 10% or less, you cannot claim any ITC.
If the use in commercial activities is 90% or more, you can claim a full ITC.
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GST Memoranda Series 8-2
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RC4022 General GST/HST Guide
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| Provincial info |
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HST and vehicles
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How BC's tax on vehicles works
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| Reference materials |
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Income Tax Act
Sections 6, 8, 13, 15, 20, 67, 85, and 248 (definitions)
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IT 521 Self-employed
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IT 522 Employees
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T4044 Employment expenses
Link to Forms GST370, T777, TL2, and T2200
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IT 63 Benefits
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IT 470 Employees' Fringe Benefits
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| Tools |
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Tools to calculate benefits
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RC 18 Calculating Benefits
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Loan Calculator
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Spending Smarter: Lease vs Buy (Industry Canada)
Industry Canada includes the Office of Consumer Affairs (OCA)
Check out all of their Spending Smarter Calculators!
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