Government Announces the 2018 Automobile Deduction Limits and Expense Benefit Rates for Businesses

December 22, 2017 – Ottawa, Ontario – Department of Finance Canada The Department of Finance Canada today announced the income tax deduction limits and expense benefit rates that will apply in 2018 when using an automobile for business purposes. Most of the limits and rates that applied in 2017 will continue to apply in 2018,…

Government Announces the 2017 Automobile Deduction Limits and Expense Benefit Rates for Business

December 30, 2016 – Ottawa, Ontario – Department of Finance Canada Finance Minister Bill Morneau today announced the income tax deduction limits and expense benefit rates that will apply in 2017 when using an automobile for business purposes. Although most of the limits and rates that applied in 2016 will continue to apply in 2017,…