Wondering how to maximize your vehicle deductions? We break down what you can claim for both business and personal use.
00:23 - Business vs. Personal Use of a Vehicle
01:06 - CRA Rules for Tracking and Documentation for Vehicle Expenses
02:42 - What Expenses Can You Deduct for a Company Car?
03:58 - Vehicle Depreciation for Businesses: Understanding Capital Cost Allowance (CCA)
04:33 - How CCA Works
05:13 - Using a Personal Vehicle for Business: What Can You Deduct?
06:27 - Parking Expenses: When Are They Deductible?
07:20 - Key Takeaways
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