Tag Archives: automobile tax rates
Flaherty Announces New Automobile and Expense Rates for Business
Posted on 02. Jan, 2010 by Phil Hogan, CA.
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On December 31th, 2009 the Minister of Finance announced the following items: The capital cost allowance cap of $30,000 (plus applicable taxes) for passenger vehicles will remain in affect for vehicles purchased after 2009. The maximum allowable deduction for interest incurred on debt to finance business vehicles will remain at $300 per month. The maximum [...]
