We are proud to present our updated annual 2019 TAX RETURN ORGANIZER™, your indispensable reference guide to help you save money by reducing the amount you pay in income taxes. Click here to read and print it.
TAX TIP Regarding Automobile Deduction Limits, the ceiling on the capital cost for CCA capital cost allowance purposes is $30,000 plus tax for most passenger vehicles, and $55,000 plus tax for eligible zero-emission passenger vehicles. The maximum allowable interest deduction for amounts borrowed to purchase an automobile is $300 per month. The limit on deductible leasing costs is $800 per month plus taxes To ensure you are deducting your automobile expenses where possible, in order to pay the least amount of tax, please contact us now.