Pardeep uses his own vehicle for his sole proprietorship. He borrowed money to purchase the vehicle in 2021. The interest he paid on the amount owing for 2023 was $5,700. He drove the vehicle a total of 10,000 km of which 7,200 km were related to employment. How much can he deduct in 2023?

Answer rating: 100% (QA)

Pardeep can deduct a maximum of 4500 in 2023 for his vehicle expenses based on the standard ... View the full answer