Accessible Bookkeeping Victoria BC - How To Keep Motor Vehicle Records In British Columbia

How To-Business Records Income Records Expense Records Vehicle Records Payroll Records GST Records
Home About us Contacts Media News Business Information

SuccessImage
Office Accessories

Accessible Bookkeeping

Victoria, BC British Columbia Canada V8P 2L5

Bookkeeping Help

Motor Vehicle Records
You can deduct motor vehicle expenses only when they are reasonable and you have receipts to support them.

To get the full benefit of your claim for each vehicle, keep a record of the total kilometres you drive and the kilometres you drive to earn business income.

For each business trip, keep a log listing the following:

date
destination
purpose
number of kilometres you drive
Record the odometer reading of each vehicle at the start and end of the fiscal period.

If you change motor vehicles during the fiscal period, record the dates of the changes and the odometer reading at the time you buy, sell, or trade the vehicle.

If you use more than one motor vehicle for your business, keep a separate record for each vehicle that shows the total and business kilometres you drive, and the cost to run and maintain each vehicle. Calculate each vehicle's expenses separately.

Accessible Bookkeeping 413 - 1095 McKenzie Ave. Victoria BC, British Columbia Canada V8P 2L5 (250) 704.4426