RESOLUTION OF THE COUNCIL OF THE
CORPORATION OF THE TOWN OF
June 10, 2008
Re:
Tax-Exempt Allowances
Whereas the
Canadian Revenue Agency (CRA) limits the deduction of tax-exempt allowances
paid by employers to employees using their personal vehicle for business
purposes; and
Whereas
current CRA allowable deductions are already substantially below the Canadian
Automobile Association’s per kilometer vehicle costs; and
Whereas
over the past six months the retail price of a litre of gas has increased
dramatically;
Now
therefore be it resolved that Council for the Town of Caledon hereby requests
CRA to increase the deduction limit of tax exempt allowance paid by employers
to employees using their personal vehicle for business purposes from the
current rate of 52 cents on the first 5,000 kilometers driven and 46 cents for
each additional kilometer; and
That copy
of this resolution be forwarded to our MP, MPP, AMO, AMCTO and all Ontario
municipalities requesting their support; and
Further a copy
of this resolution be forwarded to the Canadian Revenue Agency for its
consideration.
For further information, please
contact: Debbie Thompson
Legislative
Co-ordinator
Town
of
Telephone: 905-584-2272 Ext. 4189
Fax: 905-584-4325
E-mail: debbie.thompson@caledon.ca
DISCLAIMER
This material is
provided under contract as a paid service by the originating organization and
does not necessarily reflect the view or positions of the Association of
Municipalities of Ontario (AMO), its subsidiary companies, officers, directors
or agents.