2011 Meal Allowance
The meal allowance for 2011 is $17.00 per meal (less 50%). US meals will be $17US converted to Canadian dollars at the 2011 annual exchange rate. For 2011 if you drive long-haul (away for more than 24 hours) then your meal deduction is less 20%. You should keep very accurate records to substantiate the increase.
2011 WSIB Rates for General Trucking
The premium rate for 2011 rises to $6.43 per $100 of earnings. Maximum insurable earnings under WSIB for 2011 have increased to $79,600.
2011 Employer-Employee Deductions
For 2011, the CPP earnings ceiling has once again increased to $48,300. The maximum employee CPP deduction increases to $2217.60. CPP for those self-employed also increases. The rate for 2011 increases to $4435.20.
For 2011, the maximum EI earnings increases to $44,200. The maximum employee deduction increases to $786.76.
Copyright 2011 The Transport Advisor Limited
