Tracking Mileage for Tax Deductions
If you use your personal vehicle for work or business, you may be able to claim vehicle ( mileage ) expenses on your tax return . The Canada Revenue Agency (CRA) requires a detailed mileage log to support this claim. Using a mileage tracking app can make this easier and help you stay organized. However, if you are an employee, you need a T2200 Declaration of Conditions of Employment from your employer in order to report expenses on your tax return. Does CRA Accept Mileage Apps? CRA does not officially approve specific apps. However, CRA does accept digital mileage logs as long as they include all required details. Many commonly used mileage apps are designed to meet these requirements. What Information Must Your Mileage Log Include? Date of each trip Start and end location Purpose of the trip (work-related) Kilometers driven Business vs personal use Good mileage apps automatically record most of this information and allow you to export reports if CRA asks for proof. Rec...