Truck Driver Tax Services in Mississauga, Ontario
Specialized tax services for truck drivers and owner-operators in Mississauga and the GTA. T1 returns, TL2 meal deductions, owner-operator expense claims, GST/HST, and CRA compliance.
Expert Truck Driver Tax Accountants in Mississauga
The trucking industry has unique tax rules that require specialized knowledge. BOMCAS Canada has extensive experience serving truck drivers and owner-operators in Mississauga, Brampton, and across the GTA — maximizing deductions, ensuring GST/HST compliance, and keeping you on the road worry-free.
T1 Returns for Truck Drivers
Complete T1 personal income tax returns for employed and self-employed truck drivers including all eligible deductions.
TL2 Meal & Lodging Deductions
Form TL2 completion for long-haul truck drivers claiming 80% meal and lodging deductions for eligible trips.
Owner-Operator Expense Claims
Full T2125 business expense reporting: fuel, insurance, truck payments, maintenance, licensing, association fees, and more.
GST/HST Registration & Filing
GST/HST registration, quarterly returns, input tax credit claims, and remittances for owner-operators.
Late Tax Filing for Drivers
Multiple years of unfiled T1 returns prepared and submitted — with penalty negotiation and payment arrangements.
Incorporation Planning
Advice on when to incorporate your trucking operation for tax savings, liability protection, and business growth.
Long-haul truck drivers can deduct 80% of eligible meal and lodging expenses while away from home for 24+ hours. Owner-operators can also deduct fuel, insurance, maintenance, lease payments, licensing, and other business expenses. Employed drivers may use Form TL2 for eligible travel expenses. Our team ensures every eligible deduction is claimed.
Employed drivers receive T4 slips and have CPP/EI deducted at source. Owner-operators are self-employed and file T2125 with their T1, reporting gross revenue and all business expenses. Owner-operators must also register for GST/HST when revenue exceeds $30,000. We handle both situations for Mississauga truck drivers.
Yes. Owner-operators must register for GST/HST once annual revenue exceeds $30,000. You must charge and collect GST/HST from customers (carriers), file regular returns, and remit the net amount to CRA after claiming input tax credits on business purchases. We handle GST/HST for transport operators throughout the GTA.
Absolutely. Many self-employed truck drivers fall behind on their tax filings. We specialize in late and back tax filing services — preparing and submitting multiple years of T1 returns, negotiating with CRA to reduce penalties, and setting up payment arrangements. Call us at 780-667-5250 to get started.