Monthly Auto Allowance

[Sportsman]

Looking at switching out from a company owned vehicle to running my own. What are you guys getting for an allowance and what industry?

[trophybook]

22$ a hour tooled up 1 ton oil and gas electrician. West Central Alberta. Rate just got cut from 25 because scaby new electrical companies are almost working for free so they get work.

[dodgeboy1979]

$0.75/km, the first $0.52 are tax free.

[buckbrush]

I was getting $1/km when I was on the rig. 150/day min. Charge.
That was 6 years ago though, not sure what it’s at now.
That was for a one ton diesel.

[coreya3212]

When claim mileage on a personal vehicle, the tax free rate is 55 cents for the first 5000 km and 49 cents thereafter. That’s the 2018 rates.

[Sooner]

Originally Posted by coreya3212

When claim mileage on a personal vehicle, the tax free rate is 55 cents for the first 5000 km and 49 cents thereafter. That’s the 2018 rates.

Same here on our personal vehicles & work.

[coreya3212]

I was only referring to using a personal vehicle for work, what CRA says you can take tax free. Of course you can get more from your employer, but after said amounts, you must claim as income and pay tax on that income. Monthly allowances always just seemed to be added onto income. So you paid tax on the entire monthly amount.

Ps- i used to have company trucks in the field or suv when downtown, I did the math so many times to make sure but unless I was getting about 1500 monthly allowance, I was far ahead to always keep running the company vehicle. They always wanted to give 600-700 a month as a vehicle allowance. The company always pushed to go to a allowance, there was a reason for that...

[leeelmer]

$1000 per month
Company supplies all the fuel and pays commercial registration