Category: Financial Enquirer

  • Changes to the way the Nevcon Accounting client portal works

    Over the last few months, Nevcon Accounting has been reviewing the way it collects documents and gives you a copy of your personal tax returns. Previously, we have been using e-courier to send you any sensitive documents securely, including any documents needing to be signed. Well, this has been a great product over the last…

  • Accepting an honorarium

    I recently took part as moderator for a couple of public events at an industry festival. I was approached to do the job through someone who knows me from my work in the industry. For doing the job, the festival organization gave me an honorarium of $200. Since the connection is work-related, how do I…

  • Logging allowable business mileage

    I would like to maintain an accurate log but am struggling with determining what qualifies as allowable business mileage. I work mainly from my employer’s office but use my personal car to see customers and suppliers, but do not get compensation from my employer. If I see a customer/supplier on my way to the office…

  • Expenses travelling from home to work

    I live in Barrie, Ontario and work in Ajax. The drive is 130 kms one way – that’s 260 kms per day – 1300 kms/week and 5200 kms/month. I keep all my gas, maintenance and car insurance receipts. Should I claim the mileage rate or the exact amount of my expenses per year? Can I…

  • Writing off vehicle depreciation

    My employer pays for my personal vehicle including loan payment/gas/maintenance. The vehicle is in my name and is used for business and personal use (approximately 80/20). Can I write off vehicle depreciation or anything else on my tax return? My employer adds this as income to my taxable income on my T4; as this my…