TORONTO, Ont. — The Canadian Trucking Alliance (CTA) has published a new book that shows company drivers how to track their travel and meal expenses to maximize their tax returns.
The CTA says that by taking advantage of the federal government’s decision to increase the deductible amount for meals purchased while on the road, a company driver can significantly increase his or her tax return.
The Practical Travel Expenses for Professional Drivers handbook costs $5 and can be ordered through any of the provincial trucking associations. It explains Canada Revenue Agency’s lastest rules, who can and can’t claim meal expenses and it includes simplified record-keeping forms that can be used to support a tax claim, the CTA says.
Each book will last a driver one year. Companies are invited to pre-order by Nov. 30 to receive a 10% discount. Here’s a video that describes the book in more detail.
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