clearlycanadian

Hello, I'm wondering if anyone can provide me with a suggestion of $/km I should charge for km driven during business road trips. The idea is to cover wear & tear in addition to simply paying for gas. And yes I own a TSX. Gas right now averages about $1.10/L. Thx in advance.

alex2364

According to Edmunds.com, the average cost per mile for a TSX is $0.53. Of course this is in US prices. I don't know how accurate this is for Canada.

http://www.edmunds.com/new/2006/acur...68207/cto.html

fuzzy02CLS

iTrader: (2)

Don't know KM, but in miles we get at work, it's .47 per mile.

FastAcura

We pay .445/mile to consultants who use their own cars. I believe that's the goverment rate.

derrick

When I do relief work, I normally charge C$0.40/km for distances < 100km (round-trip). Then I charge my usual working 'rate' to commute distances > 100km ... (ie I charge by the hour it takes me to commute there and back)

BTW, I drive a 2002 TL-S that gets 8.4L/100km on the highway (approx 28mpg). Gas has been cheap as of late ... premium runs C$1.11/L since yesterday.

clearlycanadian

[QUOTE=derrick]When I do relief work, I normally charge C$0.40/km for distances < 100km (round-trip).


That's a lot.
For highway driving it is approx 10 cents per km for gas alone. Is it reasonable to charge double or triple of that? Maybe 25cents per km is reasonable. Please provide feedback with your opinions.

Mongolian

$0.445 is the rate per mile i charge my clients for mileage. This is the current IRS rate. I think it should be way higher than this to cover maintenance and depreciation

clearlycanadian

IRS=?

derrick

IRS = internal revenue service ... equivalent to Revenue Canada.

I would think that C$0.40/km would be OK to cover cost of fuel + depreciation on your car IF you own it. I never did the math if you leased a car. I plan on driving my car into the ground so the exact break-even point I never bothered calculating. Do you own your own business? You would essentially be 'double-dipping' (ie someone paying for your depreciation + you writing depreciation off your car on taxes) ... but isn't life grand?

clearlycanadian

I'm leasing / don't own a business

teranfon

Last year (2005) the allowable deduction relating to provincial/federal income taxes was 44 cents/kilometer for non-business registered vehicles for business use. I have a couple friends who are employed by the Alberta government, and they are reimbursed by the province 40 cents/kliometer.

Terry