Automobile Expenses Update for 2009

For 2009, the deduction limits for automobile expenses are unchanged: the ceiling on the capital cost of passenger vehicles for capital cost allowance  (CCA) purposes will remain at $30,000, the monthly limit on deductible leasing costs will remain at $800 and the monthly limit on interest deduction will remain  at $300. For more information, please see the Finance news release.
 
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