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WFM1
Level 1
posted
‎April 09, 2024 03:44 PM
last updated ‎April 09, 2024 3:44 PM

Employment expenses for salaried

The taxpayer has a T2200E which indicates he receives a motor vehicle allowance of $14,000 which is included in his T4.

Can this taxpayer still deduct other vehicle expenses such as fuel, insurance, CCA, etc.?

CRA guidelines aren't quite clear.

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1 Comment 1
janisbossenberry
Level 7
‎April 15, 2024 11:14 AM

Employment expenses for salaried

If a vehicle allowance is included in income, then it means it is an "unreasonable" amount and thus is taxable.  Since it is taxable, yes, he can deducted employment related vehicle expenses.

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