How can I claim car expense


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Azeem11   
Member since: Apr 10
Posts: 22
Location:

Post ID: #PID Posted on: 23-02-12 22:36:54

Hi all,

I am going to work as an independent contractor and consultant in 2 weeks in Toronto and I will be using my personal car.

I would like to know what do I need to keep a track off and log that will help me to claim my car expense end of year taxes.

I am also thinking of other expenses that I can write off but I will put those in a different post.

Thanks, Azeem



sudesingh   
Member since: Jul 04
Posts: 2085
Location: Toronto

Post ID: #PID Posted on: 23-02-12 22:48:41

All expenses related to travel for work:

Gas, maintenance, plate renewal, insurance, parking, mileage driven for work and total mileage driven during the year, lease payments (if any)

Based on the % mileage you drive for work, all other expenses will get prorated


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Azeem11   
Member since: Apr 10
Posts: 22
Location:

Post ID: #PID Posted on: 23-02-12 23:51:25

Thank you dor your reply I want to know if there is a form or a log that is standard that I can use and keep it in the car.

Thanks, Azeem



Azeem11   
Member since: Apr 10
Posts: 22
Location:

Post ID: #PID Posted on: 25-02-12 23:42:56

Thank you all for tie tips. I kept a log paper in the car and I will start to you that.

Regards, Azeem





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