An employee who uses their own vehicle for employment purposes cannot deduct any financing costs related to
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An employee who uses their own vehicle for employment purposes cannot deduct any financing costs related to the purchase of the car An employee who is provided with a vehicle owned by the employer can deduct CCA to the extent that the vehicle is used for employment purposes If an employee drives an employer provided vehicle for 20,004 kilometers or more for personal purposes during a year, there will be no reduction of the basic standby charge
Related Book For
South-Western Federal Taxation 2018 Comprehensive
ISBN: 9781337386005
41st Edition
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
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