Income Tax Deductions

Discussion in 'Canadian Truckers Forum' started by terryg247, Jan 18, 2016.

  1. terryg247

    terryg247 Light Load Member

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    Ontario, Canada
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    This will be my first year filing while working otr and was wondering what I can deduct in terms of expenses?

    Tools?
    Cell phone?
    Meals and how does this work, is it a flat rate per day
    Etc
     
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  3. rachi

    rachi Road Train Member

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    Its a flat rate of $59.00 a day for meals every day your on the road. Tools, cell phone, etc you need to keep receipts but are not 100 percent wright off.
     
  4. rachi

    rachi Road Train Member

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    Ok, i now see you are from canada. My mistake.
     
    Last edited: Jan 18, 2016
  5. Prairie Boy

    Prairie Boy Road Train Member

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    terryg247 Thanks this.
  6. terryg247

    terryg247 Light Load Member

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    Thanks for the link. What about other deductions
     
  7. not4hire

    not4hire Road Train Member

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    Company driver or owner/operator?
     
  8. terryg247

    terryg247 Light Load Member

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    Feb 1, 2015
    Ontario, Canada
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  9. not4hire

    not4hire Road Train Member

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    Last edited: Jan 20, 2016
  10. alex6999

    alex6999 Light Load Member

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    Toronto, ON
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    what about company driver working as contractor?
    I deduct: all phones, internet, 50% of car, 25% of appartment as office, office supplys, working clothing.... something else, i dont remember/
     
  11. not4hire

    not4hire Road Train Member

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    Ever been audited? Don't spend those tax savings just yet.

    The overwhelming majority of drivers operating as so-called "contractors" will not pass a CRA audit.
     
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