All items tagged with: auto expense deduction rates
Posted in: Strategic Thinking , tax credits, Evelyn Jacks, motor vehicle expenses, tax deductions, business write-offs, tax write-offs, auto expenses, auto expense deduction rates, expense deductions
Did you check your odometer reading at the start of the year? Finance Canada confirmed its 2019 auto expense rates on December 27, but they don’t quite measure up to cover the carbon taxes that increase the cost of driving, including the increased gas prices as of January 1. Those who use passenger vehicles for business will be disappointed that their write-offs haven’t changed at all, unless a new vehicle was purchased after November 20, 2018.