07-08-2020, 10:01 AM
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#24
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Head of HR....have a seat on that couch
Join Date: Jan 2003
Location: Coquitlam
Posts: 21,878
Thanked 15,606 Times in 4,325 Posts
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Quote:
Originally Posted by BIC_BAWS
(I'm assuming it's your incorporated company) If you're incorporated, you have to pay the company for personal mileage driven. So if say its $800/mo, and its 50% business 50% personal, then you'll have to pay the company $400/mo for personal mileage. Otherwise, at the end of the year, it'll be treated as a dividend, and thus income.
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Moreso wondering if the company has to track mileage, daily, as an o/o would have to. Car is 100% only driven for business.
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