I recently came across a number of receipts from a client who took transit, Uber, and taxi cabs from his home to his office and back. Can these expenses be considered a travel deduction to the company?
Answer: Yes but…
The “but” part pertains to something called a taxable benefit to the employee or director of the company claiming the expense.
If these travel expenses are reimbursed to the employee (or against a shareholder loan account), they must be reported on the employee’s T4 slip in box 14, “Employment income,” and in the “Other information” area under code 40 at the bottom of the slip.
