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I must say that this looks like an impressive product. You plug it in your lighter and then it keeps track of your mileage automatically using GPS. You still have to tell it when you are driving personal miles or business miles, but this time .. all you do is push a button, instead of keeping a manual log book.

A lot of self-employed people use their vehicle to claim automobile expenses. This includes gas, oil, car washes, repairs and maintenance, licensing and insurance, leasing costs and even interest on car loans and other incidental vehicle costs like Motor League, etc, not to mention the depreciation of the value of the car (capital cost allowance). If you didn’t know, only a PRO-RATA portion of these expenses can be claimed - based on the BUSINESS usage only. In certain situations, in lieu of keeping track of all expenses, you are able to claim a straight deduction based on the actual business miles used. In both cases, if you received any mileage allowances, you would reduce your claim. In Canada, you also have to keep track of the number of kilometres you drove specifically for the purpose of moving or medical expenses, or for the northern residents deductions.

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