taxable benefits

Recording Mileage & Invoicing of such in QuickBooks

I remember a company that had a fleet of trucks (7-8) that it used for business. The employees would pick these up from the office location and drop them off at the end of the work day. Now some of these people also took them home. This is where the problem lies with CRA (Canada Revenue Agency). Under ITA 6, the benefits associated with any non-business use of that vehicle must be included in the...

Read More