Gone are the days when we had to rely solely on the conventional way of filing our taxes. Those days, the only way was to send your taxes via mail to the CRA or go to the bank to pay in person. Now, there are several ways to file your taxes; this includes an online …
In Canada and several other parts of the world, employees often earn an allowance or mileage reimbursement based on per kilometre rate for use of their vehicle during official assignments. The allowance is not subject to income taxes, Canada Pension Plan (CPP) contributions, or Employee Insurance (EI) premiums. The Canada Revenue Agency (CRA) states that …
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