Manager 2.0 automatically calculates your rate per kilometer according to Revenue Canada guidelines
or your employer’s rules.
This new addition enable you to set the Manager to apply the proper rate according to the number of KM done within a year.
Automobile allowance rates in Canada for 2022:
- 61¢ per kilometer for the first 5,000 kilometers driven
- 55¢ per kilometer driven after that
Automobile allowance rates in Canada for 2021 :
- 59¢ per kilometer for the first 5,000 kilometers driven
- 53¢ per kilometer driven after that
- In the Manager Click on the Settings Menu
- Select the Categories tab
- Click on the Business category to select it
There are two types
The Basic rate, ( the first rate when there are 2)
The secondary rate (allows the rate to change after a certain number of kilometers)
1) Enter 0.58 in Base Rate
According to the current Revenue Canada standard Canada Revenue Agency official Automobile allowance rates,
The first 5000 kilometers are deductible at the rate of $0.58/ Kilometer
All other mileage, above 5000 Km, will be deductible at the rate of $0.52
The software itself will calculate the total within the fiscal year from January to December without any intervention from you.
IF YOU ONLY USER ONE RATE
If you use only one rate, regardless of the total Kilometer,
you must enter the same amount in both boxes.
If you leave the secondary rate at "0", your report will always indicate $0.00
The logic is (from 0KM = always canlulate $0.00) Please enter the same amount as basic rate
If you get paid by your employer a single fix rate, enter the same rate in both and leave km to 0 KM or over your annual KM
Manager 2.0 automatically calculates your rate per kilometer according to Revenue Canada or your employer’s rules.
- The Basic rate , which is the first rate
- The second rate. Insert the same as the base rate amount if using a single rate.
- Number of kilometers after which the secondary rate amount will be used (leave at 0 if only one rate is used)
- Click the Save button
- OK to close
In your reports, be sure to add the "Cost" field to display the cost per trip and the total.
ADJUSTMENT FOR MILEAGE ALREADY DONE BEFORE USING TRIPLOGIK.
The rate change is calculated from all trips included from January 1 to December 31 of a calendar year.
If you have already made trips before using the Manager, within the current year, you must adjust the second rate based on what already have accumulated in terms of business mileage ( from your old registry method)
You start using the TripLogik only from February 1st 2020
Your business trips between January 1 and January 31, 2020, is equal to 1 500 Km
5 000 km - 1 500 km = 3 500 km
Since you have already accumulated 1500 Km of the 5000 Km base, your rate will change after the Manager total 3500 Km of new business trips.
For this example, you would enter 3500 Km in the "Applied after:" field
1 500 Km Not in the Manager + 3500 KM of business trips in the Manager = 5000 Km at the base rate
All other KM in the Manager , after will use the second rate.