One way or the other, it's personal money. There's lots of ways to do it, but choosing the best one isn't immediately clear without some advice.This quote is hidden because you are ignoring this member. Show Quote
One way or the other, it's personal money. There's lots of ways to do it, but choosing the best one isn't immediately clear without some advice.This quote is hidden because you are ignoring this member. Show Quote
This quote is hidden because you are ignoring this member. Show Quote
Basically this.This quote is hidden because you are ignoring this member. Show Quote
My personal truck is used about 25/75 between personal use and business use (the truck doesn't see much mileage, maybe 10k kms per year total). I keep a mileage log when doing business, and claim the fuel receipts for business use. It's not very often I need my truck for personal use, but having it be an actual company truck would be a pain as then you need to be reaaaallly accurate with your log and you are getting writeoffs based on XXcents/km compared to just writing off fuel and splitting maintenance costs.
One thing you don't want to do is piss the CRA off. They will fuck you 6 ways from Sunday with no recourse. An accountant is so cheap, I'd go in for a consult. Well worth the couple hundred to help setup your business.
Some accountants don't even charge for business setup advice. I got 90 minutes of my guys time "for free" when I started up and he was really helpful on a few details.This quote is hidden because you are ignoring this member. Show Quote
This quote is hidden because you are ignoring this member. Show Quote
qftThis quote is hidden because you are ignoring this member. Show Quote
This quote is hidden because you are ignoring this member. Show QuoteOriginally Posted by SugarphreakThis quote is hidden because you are ignoring this member. Show QuoteThis quote is hidden because you are ignoring this member. Show Quote