AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
The 50% limit also applies to the cost of food and beverages you paid for when you travelled on an airplane, train, or bus, as long as the ticket price did not include such amounts. an amount that is reasonable in the circumstances.The most you can deduct for food and beverage expenses is 50% of the lesser of: You can deduct food and beverage expenses if your employer requires you to be away for at least 12 consecutive hours from the municipality and the metropolitan area (if there is one) of your employer’s location where you normally report for work. You keep with your records a copy of Form T2200, Declaration of Conditions of Employment, which has been completed by your employerĮnter your claim for deductible transportation expenses (such as airplane, train or bus) on the “Other expenses” line of Form T777, Statement of Employment Expenses.Generally, an allowance is non-taxable as long as it is a reasonable amount You did not receive a non-taxable allowance for travelling expenses.Under your contract of employment, you had to pay your own travelling expenses.You were normally required to work away from your employer’s place of business or in different places.You can deduct travelling expenses as long as you meet all of the following conditions: Travelling expenses include food, beverage, lodging and transportation (such as airplane, train or bus) expenses but not motor vehicle expenses.
0 Comments
Read More
Leave a Reply. |