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T2200 tax form, know anything about it?

swenard

TRIBE Member
I was hoping on saving a bunch of money on my income taxes this year by writing off some of my expenses and need some advice on how to do it; Hopefully someone here knows about it. I am employeed as an inside/outside salesperson for a company. I do receive a commission and am expected to pay my own expenses to be reimbursed at a later time. The only thing is, the mileage expense doesn't actually cover my full vehicle costs, nor does my company allow me to expense dry cleaning, car cleaning, etc. I understand that you can write off your extra expenses, deemed to be business expenses, against your commission income only, which would mean I could see a very sizeable cheque since my job is largely commission. I have $9400 in fuel alone.

My only question is,how do you fill out the T2200 form correctly so they aprove you for this write off? I don't want to have my company fill it out improperly. I was even thinking of writing it up myself and have my dim witted boss sign it.
 
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The Tesseract

TRIBE Member
$9400 in fuel alone? yikes!
what do you do? Commute from Cornwall to Windsor daily?



What tax program are you using? I used TaxWiz, and it explains EVERY LINE to you. Which was great for me, cause my taxes were retarded this year.
 

swenard

TRIBE Member
The Tesseract said:
$9400 in fuel alone? yikes!
what do you do? Commute from Cornwall to Windsor daily?



What tax program are you using? I used TaxWiz, and it explains EVERY LINE to you. Which was great for me, cause my taxes were retarded this year.


I commute from Georgetown to Hamilton everyday. It is 150km's total, plus I use High-Octane and drive a lot out of work. I also do some outside sales calls in Southwestern Ontario during the year which can be a few thousand km's at a a time.

I actually am trying to use quicktax right now to see if it tells me.
 

swenard

TRIBE Member
swenard said:
I commute from Georgetown to Hamilton everyday. It is 150km's total, plus I use High-Octane and drive a lot out of work. I also do some outside sales calls in Southwestern Ontario during the year which can be a few thousand km's at a a time.

I actually am trying to use quicktax right now to see if it tells me.

Quicktax seems to verify the dollar amount. If I am completely honest, which I will be, I end up getting back 20% of my expenses(since 20% of them aprox, is my business mileage), which would work out to about $4500.Unfortunately driving from work to home and back counts as personal mileage.

Sweet!!! Much better then the $668 I was getting before.
 
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There is usually a designated (read: authorized) person who can sign a T2200 and it probably won't be your boss (unless he's in Finance). It's super basic, and really easy to complete.
 

swenard

TRIBE Member
daddyiwantchocolate said:
There is usually a designated (read: authorized) person who can sign a T2200 and it probably won't be your boss (unless he's in Finance). It's super basic, and really easy to complete.


That's what I was afraid of. I was hoping I could have him sign it and if the government ever came after me, I could just blame my boss. Oh well... I guess I will have HR fill it out.
 

Michael Drury

TRIBE Member
swenard said:
That's what I was afraid of. I was hoping I could have him sign it and if the government ever came after me, I could just blame my boss. Oh well... I guess I will have HR fill it out.

I fill one of these out every year. You dont need your company to fill it out - just need them to sign it - have your accountant fill it out. Tis what i do.

Good luck - getting mo money back is good :p
 
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