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RCA rules state that the limit on the deduction of tax-exempt allowances paid by employers to employees using their personal vehicle for business purposes will increase by 5 cents to 50 cents per kilometre for the first 5,000 kilometres driven and 44 cents for each additional kilometre.
Since I get paid .42/km, could I claim .08/km on the first 5000kms and then .02/km on the rest??? Do I need a form for this? |
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