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Automobiles and Motor Vehicles

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Business -> Automobiles, passenger vehicles and motor vehicles

Automobiles, Passenger Vehicles and Motor Vehicles

What motor vehicle expenses can be deducted?

bulletUnincorporated businesses
bulletCorporations
bullet What expenses are included as motor vehicle expenses?

Vehicles defined

Keep a trip log!!!

Expense limitations for passenger vehicles - unchanged for 2016

Employee-owned motor vehicles

Tax-free motor vehicle allowances - reduced for 2016

Auto taxable benefits - operating cost benefit reduced for 2016

bulletParking
bulletStandby charge benefit
bulletOperating cost benefit - unchanged for 2015
bulletAutomobile sales people
bulletOnline automobile taxable benefits calculator

GST/HST input tax credits on motor vehicle allowances

Revised: September 19, 2017

 

 

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