Tips on determining reasonable business use percentages and applying them to your overall vehicle expenses. Understanding the Canada Revenue Agency's rules and regulations surrounding deductible expenses for business mileage with an electric vehicle.Ĥ. Differentiate between personal and business use of your electric car to ensure accurate deductions.ģ. Maintain a detailed mileage logbook for your electric car, including dates, distances traveled, and the purpose of each trip.Ģ. We'll cover topics such as maintaining accurate records, eligible expenses, and the process of claiming deductions on your tax return.ġ. The key steps and requirements for deducting kilometers with your electric car for business purposes in Canada. If you use your electric vehicle for work-related purposes, understanding how to claim these expenses can help you maximize your tax deductions and save money. ![]() □ ALWAYS KEEP YOUR RECEIPT □ -ĭeducting kilometers traveled in your electric car while running business errands in Canada. □ Let's ditch the traditional notions of finance and explore new ways to deduct your life □ ✈️ Because who needs a fiscal paradise when you have YouTube? □️ ![]() ![]() □ Welcome to "How To Deduct Your Life"! Where you get richer by having fun □ □ Hello / Bonjour this is Piper Blush, your financial coach □ □ Daily #MoneyHacks Updates, excluding Sundays!
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