Bison?

Diesel at the pumps today was $1.04 a litre = $4.73 a gallon divided by 5.5 MPG = 86 cents a mile. Left with 32 cents a mile to cover wages and all other truck expenses including payments etc. You'd need over 50,000 miles a month just to cover the fixed costs.

 

The 3 cents a mile is Subsistence Allowance, it is a tax free free benefit to you. They get the GST Input Tax Credit back.

What it does is reduce the CCP portion, the EI portion for both of you and the WCB (only if you don't max out the WCB ceiling).

Go to CRA and look up form G400-3-11 and read section 7.

Heck, I'll do it:

http://www.cra-arc.gc.ca/E/pub/gm/g400-3-11/README.html

ALLOWANCES AND REIMBURSEMENTS
7. An allowance is any periodic or other payment that an employee or partner receives from an employer or partnership, in addition to salary or wages, without having to account for how it is spent. This is in contrast to a reimbursement of actual expenses incurred by an employee or partner.
Allowances
8. Section 174 of the Act applies when
(a) a person pays a reasonable allowance to an employee or partner
(i) to purchase supplies and services in Canada, all, or substantially all, of which are taxable (other than zero- rated), or
(ii) for the use of a motor vehicle in Canada, for activities engaged in by the person, and
(b) the allowance is deductible in computing the income of the person for purposes of the Income Tax Act or would be deductible if the person were a taxpayer under the Income Tax Act and the activity were a business.
9. In these circumstances, the person who paid the allowance is treated as having received the taxable supply that the employee or partner received and as having paid the tax on the supply. If the person is a registrant, an ITC may be claimed to recover the tax paid by the employee or partner on expenses.
10. The tax deemed to have been paid is the tax fraction (7/107ths) of the total allowance paid. The registrant may include this amount of deemed tax in calculating and claiming ITCs.
11. As a general rule, the tests used to decide if an allowance is reasonable for income tax purposes are also used to determine if it is reasonable for GST purposes. However, each case is decided on its own merits. No ITC may be claimed on the portion of the allowance that is not deemed to be reasonable.


What the difference is that if you got Reimbursement for meals, hotels only, it would be actual costs with you providing receipt.

Allowance (Subsistence) you can spend it as you wish as a tax free benefit and no receipt's are required.

 

Ok. Maybe things are different now. haven't been OTR for years now but in the past When I did my income tax I couldn't claim any meals because it was shown on my T4 that I was paid a meal allowance. Cost me a fortune in tax refund. But thanks again

 

Bison likes to run you tight. There is always work, so you will never have to sit at a truck stop waiting for a load. All trucks run at 100 kps, all trucks have Vorad [ame]http://www.youtube.com/watch?v=iofNtvEFIGc[/ame]

You can only fuel at the Pilot and Flying J and some states are off limits. On your days off clean out you truck because some one else will drive it until you come back. Yes you will have to slipseat all the time.

You get paid every Friday. You can ask to run different lanes also. If your truck needs to be fixed, they will fix it. You don't drive junk. Hope this helps.

 

Don't work for them iwas a owner operator for them from 2002 to 2003 and they tried to get somebody to slip seat my brand new truck which was myn

 

Huh! If your truck is broke they will fix it????...after either making you wait
4 days until they can find time for you or slip seating you into another
truck if one is available. I remember waiting 3 days before they could
even hook a laptop onto it and see what was wrong! Maybe I was working
there at a different time but when I was there they only had limited staff
at the garage in Calgary trying to keep 400 trucks running! It was a
greek tradegy trying to get anything fixed.

 

Bison is not a good company they have sent me way down into the states for a load and then told me that the load had already been picked up

 

Agree, Bison suffers from mismanagement more than any company I
have ever seen. In my own experience they don't listen to you and
seem to be run by people who have limited knowledge of trucking. I think
most of the junior staff at Bison could benefit tremendously by spending
a month on the road with drivers and probably some of the senior staff.
I suppose they are the same as many large companies though. They
don't seem to care if any drivers have issues, they just want the
freight delivered at any cost.

 

Yup didn't stay with them that long

 

that happens many times with many different companies, not just Bison.