All You Need to Know About Canada’s Electric Car Govt. Rebates, Tax and Tax Write-offs
- November 15, 2022
- Posted by: Duffin Martin
- Category: Accounting, Consulting, Finance, Personal Taxes, Tax Planning, Tax Services
The federal government has declared that by 2035 100 per cent of passenger cars and trucks sold in Canada must be zero-emission. But we all know that the higher upfront purchase cost of zero-emission vehicles (ZEVs) can make it more difficult to adopt this clean technology. In order for you to make the switch, both Federal and provincial government has announced new incentives to make zero-emission vehicles (“ZEV”) more affordable for Canadians. Here is the breakdown of everything you need to know before purchasing ZEV.
This information does not replace the advice of a tax professional.