tax free allowance from a corporation

Question

1951 viewsMarch 17, 2020Business Tax

0

Jim Thomas (anonymous) Posted March 16, 2020

Hello,

If I incorporate, and Only Take dividends from my corporation.

Is my corporation still able to give me A Tax Free Allowance for my Home office and Vehicle, if im not taking any salary?

Thank You

1 Answer

score 0 · Answer 1 · 2020-03-17T19:31:52+00:00

You must be an employee (and receive a salary/wages) in order to receive a tax-free vehicle allowance. You can receive reimbursement for your home office expenses even if you are not an employee and you are only receiving dividends.

tax free allowance from a corporation

1 Answer

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