No fee everyday banking
Set up direct deposit and skip the monthly fee. Free to open, and the Easy plan has no monthly fee. Worth doing if you will actually move your pay or your CRA deposits over, not if the card sits unused. Code BREMO2026.
Per-km rate, mileage log requirements, and actual expense method explained
Calculate your vehicle deduction using either the CRA per-km rate or the actual expense method.
Actual Annual Vehicle Expenses (for actual expense method):
Keep a separate KOHO account for business expenses — makes tax time dramatically easier. Every vehicle expense auto-categorized. Use code BREMO2026 for a sign-up bonus.
Open KOHO — Code: BREMO2026CRA publishes per-kilometre rates for employees and self-employed individuals who use their personal vehicle for business:
| Province/Territory | First 5,000 km | Each km after |
| Provinces (general) | $0.72 | $0.66 |
| Yukon, NWT, Nunavut | $0.76 | $0.70 |
These rates are for 2025. The simplified per-km method does not require tracking actual expenses — just a mileage log. However, it is only available for employees claiming on a T2200. Self-employed individuals use the actual expense method.
CRA requires a logbook for all vehicle deduction claims. Your log must record:
CRA also accepts a logbook for a "representative period" — 3 consecutive months — which can be used to establish a business-use percentage that is then applied to the full year. This can be done once every five years provided usage patterns don't change significantly.
Apps like MileIQ, TripLog, or Google Timeline make maintaining a CRA-compliant log effortless with automatic trip detection.
Does NOT qualify: