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Automobiles, Passenger Vehicles and Motor Vehicles - Tax Issues

What Vehicle Expenses Are Deductible?

• Unincorporated businesses
• Corporations
• What expenses are included as motor vehicle expenses?

Vehicle Definitions For Tax Purposes

Keep a Trip Log!!!

Capital Cost Allowance - increases for 2026

Expense Limitations For Passenger Vehicles - leases, interest, capital cost - increases for 2026

Employee-Owned Vehicles

Employee Vehicle Travel Expenses

Tax-Free Vehicle Allowances

Auto Taxable Benefits

• Parking
• Standby Charge Benefit - unchanged for 2026
• Operating Cost Benefit - unchanged for 2026
• Automobile Sales People - Standby Charge & Operating Cost Benefits - unchanged for 2026
• Online automobile taxable benefits calculator

GST/HST Input Tax Credits for Vehicles and Aircraft

GST/HST Input Tax Credits on Vehicle Allowances

Revised: