Deducting a business expense is a phrase used all the time among entrepreneurs and business people. It’s framed like this magical thing that is always “good” and is going to “save you money” at tax time. I’ve seen many business owners make irresponsible purchases or outright waste money, based on the justification that it’s a […]
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Introduction There are 4 key things to think about when talking about how work vehicles are taxed in Canada Employee-Owned Vehicles: The employee owns a vehicle they are using for work purposes Employer-Owned Vehicles: The employer owns the vehicle that the employee uses for work purposes Luxury Vehicles: Vehicles classified as luxury vehicles under the
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