Carl wrote:
how many would drive around to save couple of pennies to find cheap gas? Isn't it counting pennies?
Even if you drive a Mini that makes no sense
You drive say an extra 3KM to save $0.02 per L
You put say 40L in your tank (yay you saved $0.80, not even enough to buy a coffee or chocolate bar at the station)
But you also burnt nearly $0.30 in gas to drive to second station (8.2 per 100L, assuming you are a perfect driver who never speeds or accelerates and your car is 100% tuned) so you are left with a net savings of $0.50 now (or less in most real world scenarios)
If you prefer we can call it counting nickels instead of counting pennies since pennies no longer exist but same thing really
Darrell & Taralyn wrote:
I don't think "counting the pennies" is the right way to be looking at your mileage and it is certainly not about profiting. As previously stated, the mileage expense is supposed to account for more than just mileage, it is always to compensate the owner of the vehicle for the costs associated with wear and tear (brakes, oil changes, tires etc) and depreciation of the value of the car.
If you are using your car for work then you are depreciating it every year on your taxes
On a newer vehicle this is far more than any sort of gas allowance unless you drive an insane amount every year (in which case I would suggest to look for a better job)
I can not imagine counting the pennies to devalue my vehicle
The CRA percentages seem higher than real life anyways (just be careful, if you depreciate your car too much then sell it used, CRA will be all over you to repay, better to gift it, donate it, or even scrap it)