Taxation

2012 Automobile Deduction Limits and Expense

Below are the automobile expense deduction limits and the prescribed rates for the automobile operating expense benefit for 2012: The ceiling on the capital cost of passenger vehicles for capital cost allowance (CCA) purposes will remain at $30,000 … read more The limit on deductible leasing costs will remain at $800 per month …read more The maximum allowable interest deduction for...

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