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Automobiles and Motor Vehicles - Tax Issues
Canadian Tax and
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Home  ->  Business -> Automobiles, Passenger Vehicles and Motor Vehicles - Tax Issues

Automobiles, Passenger Vehicles and Motor Vehicles - Tax Issues

What motor vehicle expenses can be deducted?

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

Vehicles defined

Keep a trip log!!!

Capital Cost Allowance

Expense limitations for passenger vehicles - leases, interest, capital cost - often increase for a new year

Employee-owned motor vehicles

Employee motor vehicle travel expenses

Tax-free motor vehicle allowances

Auto taxable benefits

bullet Parking
bulletStandby Charge Benefit
bulletOperating Cost Benefit - increased for 2022
bulletAutomobile Sales People - Standby Charge & Operating Cost Benefits
bulletOnline automobile taxable benefits calculator

GST/HST input tax credits on motor vehicle allowances

Revised: December 17, 2022


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