What we see in your industry
- Deciding when to incorporate as an owner-operator
- Capital cost allowance on trucks and trailers
- Meal expenses for long-haul drivers
- Fuel, repairs and HST input tax credits
- Paying drivers as employees or contractors correctly
How we help
- Bookkeeping for settlements, fuel cards and expenses
- GST/HST returns
- Driver payroll, source deductions and T4s
- Records kept organized for your IFTA and IRP filings
- Year-end financial statements, T2 and personal returns
Common questions
Can long-haul drivers deduct meals?
Eligible long-haul truck drivers can generally deduct a higher share of meal costs than other businesses. Keeping a simple trip log makes this easier to support.
Should my drivers be employees or contractors?
It depends on how the work is controlled, who owns the equipment and other factors. Getting it wrong can lead to CRA assessments for CPP and EI. We review your setup.