Are employer car allowances taxable?

[Pvt. Joker]

If your employer gives you a car allowance, is it taxable? If so, at what rate is it taxed?

[ed325i]

They are in Canada, at the same rate as the rest of your income.

Ed

[BahnBaum]

My monthly car allowance gets reported to me on a 1099. My accountant then writes off all my mileage to help offset it.

Alex

[Pvt. Joker]

Thanks guys :thumbup:

[Desertnate]

Thanks guys :thumbup:

It's a little late to be doing your taxes isn't it... :eeps:
:angel:

[mattjw916]

yes it is taxed as regular income... I have a company car as well and my personal mileage on it is taxed as income.

[MG67]

I'm on a program called Runzheimer and it's Taxfree (shows on my paystub but I do not pay any taxes...) Get $450 plus $0.16 per mile...:p

[TeamM3]

mine gets taxed as income too, but it only amounts to $800/yr :confused:

not sure how since I get a new one every 3 years and am free to use it for personal business too :dunno: but regardless it's a deal I'll take and not look back :bigpimp:

in fact I'm gettingv a new one next month :banana:, I'm trying to figure out how to get them to swing for a new Pontiac GTO :eeps: