Monthly Archives: June 2015

Allowances and Fringe benefits: Part 1

Travel allowance as opposed to the right of use of a business vehicle: What is the difference? The Income Tax Act defines a travel allowance as an allowance and the right of use of a motor vehicle as a taxable … Continue reading

Posted in Tax | Tagged , | Comments Off on Allowances and Fringe benefits: Part 1

Allowances and Fringe benefits: Part 2

In the previous article (Allowances and fringe benefits: Part 1) we discussed the difference between a travel allowance and the right of use of a motor vehicle and attempted to illustrate the pros and cons of each.  We then found … Continue reading

Posted in Tax | Tagged , | Comments Off on Allowances and Fringe benefits: Part 2