Archive for the ‘Making Your Miles Count’ Category

As Over the Road enters its 27th year of publishing, we would like to recognize Robert Scheper and his company Making Your Miles Count.  Robert has been writing a monthly article for Over the Road for over 12 years now, and we thank him for all the valuable information that he has shared with our…

Last month I went into the history of the TL2 simplified method and how it applies to Company Drivers, but I then explained why Independent Operators should be using Non-Taxable Benefits. The “raise” provided to the TL2 filers ($51 to $69 daily meal allowance) should NOT be a topic of interest to Independent Operators. If…

In the spring of 2007 my book “Taxes, Taxes, Taxes” was published. It described the two very different tax reporting systems available to Canadian Independent Operators (Non-taxable benefits and TL2 simplified method). It explained why Operators should incorporate (use non-taxable benefits) and ABANDON the TL2 system. Incorporation is the first of several steps needed. CRA…

At the time of writing this article, CRA just announced another breach of accounts (see below).  The report stated that 5,500 accounts were compromised which means that personal information stored at CRA sites were accessed by hackers.  They know what the CRA knows.  Since they can do it, they will most likely do it again…

I suffer from contrarianism; the inclination to do and think the opposite of what society or those around me are doing. So, while the country is loading up on debt, I find ways to shed liability and operate with less and less financial obligation. It may also have to do with my age. I remember…

Living in Canada during the COVID-19 crisis has been mostly a positive experience. Though there are many areas of hardship and obstacles, our country has retained its civility through patience. As a country, we have pulled together to overcome several conflicts already this year (and we are only halfway through it). Maybe hindsight is not…

History has a habit of repeating itself… not necessarily in exact form but certainly in similar sequences. During the great depression when liquidity was tight, people held onto their cash. They did not invest; they were super cautious. Today, as we have come into this lightning-fast depression that was brought on by COVID-19, people are…

During this unprecedented experience in our economy, the Federal Government (as with all/most free nation Governments) is providing help to those who need it. Though I would not classify it as slow, I would define it as unclear, foggy, blurry, changing, and confusing. Up until April 8th, I decided not to produce anything describing what…