Put it simply, I have no idea what I’m doing and Im 22, and this is the first time Im dealing with this…
My parents have always done their income taxes through u-file. When is started working at 16, they just used me as one of their six? Available returns through the purchase of u-file. However, at the beginning of 2022, I started to track my mileage and vehicle expenses to hopefully be able to write them off on my taxes for 2022.
I work for a company- I am NOT a subcontractor- I get a T4 every February. I work in new home construction. I do not drive a company vehicle, I have my own truck (had an older car before, bought the truck in September) that I drive and pay for in whole by myself. I pay for the insurance, fuel, financing, maintenance and everything. I have tracked everything, to a tee. I travel from site to site, but generally stay in Niagara region. With my old vehicle, I didn’t get any reimbursement, but with my truck, I got a piece-work raise (piece work is similar to how mechanics get paid- per unit hour on each job, not being at the shop for 9-5) but it wasn’t noted as such on my T4 or my pay stubs this year, my boss just upped it by a few cents for simplicity on his part and my part. My logs look something like this:
Chart w/ columns labelled:
Date/Starting Location/Destination/Distance/Purpose
Example: 123 our shop street, Niagara Falls/New home site in Thorlold/14KM’s/repair xyz or do my job
My starting point is always at my shop, I Never track it from my house, but I always have to drive far out to the site, not just to my shop.
My repair logs are as follows:
Date/concern or issue/parts and service performed/price/tax/total
My fuel log is as follows:
Date/litres dispensed/price per litre w tax/HST Spent/ total spent
I have everything logged and typed out, all of the number work was done in excel adding every separate component up (HST, PST, GST, base price, mileage, etc). I mean everything. I have fuel receipts for every single fill up.
Can someone please help me, and guide me on exactly what to do here? Has anyone else dealt with this. From my understanding, I have to get my boss to fill out a T2200 https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/t2200.html
But what do I put in what lines on my return? Any and all help is appreciated. Thanks!
