Travel expenses include food, beverage, lodging and transportation (such as airplane, train, bus, etc.) expenses but not motor vehicle expenses.
You can deduct travelling expenses on your personal tax return as long as you meet all of the following conditions:
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 reported for work.
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 these amounts.
If you are
a transportation employee, you may also be able to claim expenses for
meals and lodging (including showers).
If you would like more information or have any questions, feel free to contact us at 780.466.6204, or click here to send us an email.
Heather Bowie, CPA, CA
Manager
Heather completed her Bachelor of Commerce with an accounting major at the University of Alberta. She articled with a mid-sized national firm, during which time she received her CA designation.
Over the years, Heather has achieved a variety of work experience including as an online facilitator for the CA program, senior accountant in industry, and as a practice reviewer for CPA Alberta.
With KWB, Heather is a Manager and also leads the development of our advisory practice, Onsight Advisory.
Away from work, Heather and her husband own an HVAC company in Sherwood Park allowing her to understand business from both the client and the accountant perspective.
Heather has an amazing husband and two teen daughters who are growing way too fast for her liking. In her spare time, Heather enjoys attending her girls’ sporting events and dance performances, keeping active, and playing board games.
Heather's Contact Information
Other Posts by Heather
May
9
2017
Tax Deductions
To make sure you are claiming all the tax deductions that you should be, read about the 7 most commonly overlooked tax deductions.
Mar
16
2018
Disability Tax Credit
You may qualify for the disability tax credit and not even realize it. If so, you could collect as much as $2,500 a year in tax savings!!!
You do not need to be in a wheelchair to be eligible for the disability tax credit. If someone isn't able to walk the length of
Jul
22
2014
Family Caregiver Tax Credit
For 2014, if you have a dependent that you claim under one of the following:
Spousal amount (line 303)
Equivalent to spouse amount (line 305)
The child amount (line 367)
The caregiver amount (line 315)
The infirm dependant (line 306)
And that person is defined as infirmed with an impairment in physical or mental functions
Dec
8
2015
Tax Instalments
You may not be aware that you or your business are required to remit quarterly or monthly tax instalments to CRA. And it is likely that if the instalments are not made, you will be charged interest and penalties
Goods and services tax instalments
You are required to pay GST instalments if your net
Nov
9
2016
Leasehold Improvements To Your Home Office
Have you made some renovations or leasehold improvements to your home office? You should be claiming any “repairs” in the year that they occur, but you have some options when it comes to claiming the amortization from leasehold improvements to your home office.
However be aware that this option may mean losing your homes
Apr
17
2018
Northern Residents Deduction
Depending on the location of your permanent home, you may qualify for the Northern Residents Deduction on your personal income tax return.
The steps to determine if you qualify for the NRD are as follows:
Step 1 - Your permanent resident location
There are two levels of locations that qualify for the Northern Residents Deduction:
Jun
13
2017
Gluten Free Food
If you have celiac disease you are able to claim the incremental costs of the gluten free food as a medical expense. In order to claim the expense you need to track the gluten free food during the year and keep the receipts to show that the expenses were incurred.
An app called celitax.ca
Jun
17
2020
CEBA – Canada Emergency Business Account – Update June 2020
It was announced today that the government will start accepting new applications under the expanded eligibility guidelines for the Canada Emergency Business Account (CEBA) starting on Friday (19 June 2020). The government has expanded program eligibility to include sole proprietors and farmers.
Businesses with total employment expenses in 2019 of $20,000 or
Nov
17
2020
4 Reasons Why Your HVAC Business Needs Jobber
At KWB, we are passionate about QuickBooks Online (QBO) and the apps that integrate with it. We are equally passionate about treating you as a business partner by sharing valuable information, advice, and technology
If you own an HVAC business, we know from experience that QBO and the Jobber app will help you
Nov
24
2020
Canada Emergency Rent Subsidy (CERS) Brings Relief to Small Business Owners
The new rent subsidy for businesses will bring welcome relief for many of our business clients affected by COVID-19.
Canadian businesses, non-profit organizations, or charities who have seen a drop in revenue due to COVID-19 may be eligible for a subsidy to cover part of their commercial rent or property expenses. Claims can
Jun
8
2021
Thrive with Cash Flow Management and ONSight Advisory
Let us help you prepare for the future while ensuring you have the right cash flow for today. When we work with you to monitor your cash flow, we can spot trends, manage your needs, and prepare for growth all while supporting you to reach your business and lifestyle goals.
If you need help
