MileIQ In Canada: Get The Most Out Of Your Kilometres

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MileIQ In Canada: Get The Most Out Of Your Kilometres

For a while now, we’ve had many people ask about when will MileIQ be available in Canada. We’re happy to say MileIQ is now fully available in Canada. Canadians can now rely on MileIQ to automatically track, log and calculate the value of drives for tax or business purposes.

MileIQ: Automatic Mileage Logging

Try MileIQ for Canada

Whether you’re self-employed or use a personal vehicle for your job, tracking your kilometres can lead to more money back in your pocket. But manually tracking every single drive is such a chore.

It’s such a chore that many people don’t log every single kilometre … or even worse, they don’t track their mileage at all. Our mission is to make dreaded tasks like mileage tracking easier, even delightful, so you can focus on what matters.

MileIQ tracks your kilometres automatically in the background. You simply have to download the app, sign up, launch it once and then drive like you normally would. All your drives will be automatically logged for you.

When you want to classify your drives as business or personal, MileIQ makes it as simple as swiping your finger. Your mileage logbooks will also be securely stored in the cloud, so you never have to worry about losing it if the CRA comes calling. You can also get customized reports with just a few taps of the app or you can use our world-class online dashboard to create reports, add drives and much, much more.

MileIQ for Canada has been specifically designed to fit the needs of Canadian residents. Your trips will be tracked in the background and your digital mileage log will automatically calculate the potential value of your trips. You can also set the rates to specifically fit your needs.

MileIQ is also backed by customer support team that’s more than happy to walk through any issues, at any time of day. We’ve logged billions of drives, potentially saved users more than $1.2 billion and get rave reviews on the App Store and Google Play Store.

Try MileIQ for Canada

How Much Are My Kilometres Worth?

The value of your kilometres will vary based on how much you drive for business but those trips can quickly add up. Just think about how often you drive to meet clients, to pick up supplies or to visit work locations—these are all drives the CRA will let you potentially deduct from your taxes.

The CRA sets the automobile allowance rates and for 2016 and 2017, it said your kilometres could be worth:

  • 54 cents per kilometre for the first 5,000 kilometres driven; and
  • 48 cents per kilometre driven after.
  • If you’re in the Northwest Territories, Yukon and Nunavut, you can add an additional 4 cents per kilometre driven.

The CRA also said sole proprietors can calculate their deduction for motor vehicle expenses using a formula that involves your business mileage, total mileage and your vehicle expenses.

Whether you’re tracking your trips for taxes or reimbursements, you’re going to need documentation. Let MileIQ handle your mileage, so you can focus on things that really matter.

Try MileIQ for Canada

Marin Perez

Marin has been writing about how technology improves lives for about a decade. He's excited to see how entrepreneurs are using tools like MileIQ to be more successful. When not working, he's thinking about his next trip.

MileIQ’s blog does not constitute professional tax advice. You should contact your own tax professional to discuss your situation.

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