Kilometer reimbursement rate for work
I'm looking at taking an offer from a company that will involve heavy driving. They will reimburse me at $0.45/km. CRA lists a 2010 reimbursement rate at $0.52/km. Since this is the CRA, and they can sometimes (often?) be in their own world, I am looking for real world thoughts on this rate. I live in Vancouver.
I am projecting that insurance for a car (which I do not currently own) will be $150/mo. I expect this rate to cover my gas, but am wondering how likely it will be to cover insurance on top of that. At this point I don't have any ballpark figures that I can give for how much driving there will be, other than 'a lot', so I know that I can't get specific answers.
I hope to be able to get away with a late 90's sedan that is big enough in the back seats/trunk to transport some stuff.
However, I am looking for general thoughts on this rate, and comparisons to other rates that some of you may get. Anything helps, since it's been a while since I've owned a car and am finding it difficult to consider what I need to consider