Posts Tagged: 2023 automobile deductions

Government Announces the 2023 Automobile Deduction Limits and Expense Benefit Rates for Businesses

Government Announces the 2023 Automobile Deduction Limits and Expense Benefit Rates for Businesses Department of Finance Canada announced the automobile income tax deduction limits and expense benefit rates that will apply in 2023. The following changes to limits and rates will take effect as of January 1, 2023: The ceiling for capital cost allowances (CCA)

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Disclaimer: This information does not replace the advice of a tax professional.

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