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Writing off electricity instead of gas?

Darthbenji

Active Member
Mar 27, 2018
1,003
594
Ontario
Im scheduled for delivery on Thursday. For those of you that car write off motor vehicle expenses, how do you keep an accurate record of your vehicles electricity charging use?
 

RAM_Eh

Member
Dec 10, 2013
534
290
Toronto ON
Try to make an arrangement to get reimbursed for mileage on a personal car. Far better arrangement. If you are self employed even better, $0.55 per KM.
 
  • Informative
Reactions: rypalmer

Darthbenji

Active Member
Mar 27, 2018
1,003
594
Ontario
Not really what I was hoping for. My employment contract requires me to have a car. They don’t pay mileage or a car allowance. I used to write off a portion of my gas. I was wondering if anyone knows a way to accurately account for the electricity the car is using from my home.
 

Koflach

Member
May 20, 2018
494
279
Langley, BC
best thing I can suggest is to look at the year over year numbers for your electricity and determine the usage off that. Otherwise, just don't worry about it as it's a relatively minimal part of the overall cost. So long as you can write off the percentage of your payment/insurance used for work you should be okay.
 
  • Disagree
Reactions: jsmay311

sakimano

Active Member
Mar 20, 2017
1,374
837
Ontario, Canada
Not really what I was hoping for. My employment contract requires me to have a car. They don’t pay mileage or a car allowance. I used to write off a portion of my gas. I was wondering if anyone knows a way to accurately account for the electricity the car is using from my home.
Good question...just filed and accountant ballparked based on average electricity rates paid, average energy consumption on the car and kms driven. Easy to calculate.
 

Garlan Garner

Banned
Mar 31, 2016
11,351
6,064
Chicagoland
I drive about 40k a year. The electricity is worth it to write off.
I'm driving about the same if not more...…

40K miles @ $0.04 KWH ( my home kwh average price here in Illinois ). - without my solar panels.

The model 3 is rated at 241 watt hours per mile...Soooo

3 miles = 1KWh. ( rounded up to 330 per mile from 241 for my lead foot ).

That means that 40K miles @ $0.04/kwh is going to cost me $533 for the year. Really? I ain't going to write that off.
 

Saghost

Well-Known Member
Oct 9, 2013
8,224
7,020
Delaware
This sounds like a situation for Tesla FI or one of the other programs that uses your MyTesla credentials/mobile access to log every trip and every charging event.
 

Struja

"Fanboy"
Jun 27, 2017
1,051
1,056
Toronto, Canada
Two things... given that the OP is in Ontario (Canada) our nighttime charging rates are usually around $0.065 plus taxes and fees and when he says 40k a year, I am pretty sure he means km, not miles.
 

Smiles83

Member
Sep 22, 2016
76
165
Edmonton
Not really what I was hoping for. My employment contract requires me to have a car. They don’t pay mileage or a car allowance. I used to write off a portion of my gas. I was wondering if anyone knows a way to accurately account for the electricity the car is using from my home.
Writing off mileage on your taxes would be the best and easiest way to go by far.
55 cents for your first 5000kms
49 cents after 5000kms
So your annual 40,000kms would be approx $19,900 write off.
 

Garlan Garner

Banned
Mar 31, 2016
11,351
6,064
Chicagoland
Writing off mileage on your taxes would be the best and easiest way to go by far.
55 cents for your first 5000kms
49 cents after 5000kms
So your annual 40,000kms would be approx $19,900 write off.

What? Whoaaahhh.....

Where are you getting those numbers from?

A 2017 survey of consumer electricity prices by Hydro Quebec showed that Edmonton had the third-lowest power prices among some two dozen major North American cities. (Only Montreal and Winnipeg were lower.) In Edmonton, the average price for residential customers was 10.34 cents per kiloWatt hour. That’s compared to 15.94 cents /kWh in Regina, 16.32 cents /kWh in Toronto, and 31.05 cents/kWh in San Francisco.

What is a kms?



Yayyyyyy!.... 7000 posts!!!!! lol
 

Darthbenji

Active Member
Mar 27, 2018
1,003
594
Ontario
Kms? That’s short for kilometres.

I figure I’m at 10 cents per kw/h given 6.5 cents overnight plus tax and the delivery charges. If the car has a 75kw battery, is that not about $7.50 per 500 Kms, depending on range? Based on 40k that’s 80 full charges per year, so about $600. Singe range drops in the winter by say 30% id add that to the amount. $780 sounds like a pretty reasonable estimate with any error being to the benefit of the CRA. Unless I’m missing something. Am I?
 

DMC-Orangeville

85D and John Deere 5100E
Feb 14, 2015
942
1,168
Orangeville ON Canada
What? Whoaaahhh.....

Where are you getting those numbers from?

A 2017 survey of consumer electricity prices by Hydro Quebec showed that Edmonton had the third-lowest power prices among some two dozen major North American cities. (Only Montreal and Winnipeg were lower.) In Edmonton, the average price for residential customers was 10.34 cents per kiloWatt hour. That’s compared to 15.94 cents /kWh in Regina, 16.32 cents /kWh in Toronto, and 31.05 cents/kWh in San Francisco.

What is a kms?



Yayyyyyy!.... 7000 posts!!!!! lol

This is Canadian....(and I'm not sorry)
The numbers are the maximum allowed by CRA (Canada Revenue Agency - Canada's IRS)
It is supposed to take into account; fuel, maintenance and depreciation
If claimed from an employer, it is non-taxable

At some point, the CRA will figure out that EV's cost less to run, and lower the amount
 

Garlan Garner

Banned
Mar 31, 2016
11,351
6,064
Chicagoland
This is Canadian....(and I'm not sorry)
The numbers are the maximum allowed by CRA (Canada Revenue Agency - Canada's IRS)
It is supposed to take into account; fuel, maintenance and depreciation
If claimed from an employer, it is non-taxable

At some point, the CRA will figure out that EV's cost less to run, and lower the amount
NO...I mean ...what is a kms.

Where are the KWH numbers coming from? I goggled Canada's KWH prices and I haven't been able to find prices even close to what you are posting.
 

Az_Rael

Supporting Member
Supporting Member
Jan 26, 2016
5,648
8,838
Palmdale, CA
There are EVSEs out there that have smart features and are WiFi connected. With one of those you could easily track the cars energy use. I think Juicebox and Chargepoint are some examples. It’s too bad the Tesla HPWC doesn’t offer the same options.
 

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