The Goverment Gives Long-Haul Truck Drivers Additonal Tax Benefits

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Each year I help over 500 clients file their Canadian and US tax returns as well as plan for both their Canadian and US investment accounts. I also regularly help new US clients plan for their move to Canada.

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On December 28th, 2009 the Minister of Finance announced that the eligible deduction portion of meal expenses for long-haul drivers will be increased to 75% from 70% for meals incurred in 2010.

The announcement also discusses an additional increase for meals incurred after 2010 to 80%.

The full announcement can be read here.

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