Ottawa, December 29, 2009
The Honourable Jim Flaherty, Minister of Finance, today highlighted for Canadians the increase from 70 per cent to 75 per cent in the deductible portion of meal expenses for long-haul truck drivers, which will be applicable to eligible expenses incurred in 2010.
“Long-haul truck drivers are some of our country’s hardest-working people,” said Minister Flaherty. “They play a pivotal role in our economy as they transport goods across the country and across our borders. Our Government is pleased to support their important work by providing tax relief to these hard-working individuals.”
In its 2007 budget, the Government of Canada increased, over five years, the deductible portion of meal expenses for long-haul truck drivers to 80 per cent, during eligible periods of travel. The measure also applies to employers that pay, or reimburse, such costs incurred by long-haul truck drivers that they employ. The deductible portion will increase to 80 per cent for expenses incurred after 2010.
For further information, media may contact:
Office of the Minister of Finance
Department of Finance
Source: Dept of Finance