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Investors and rental owners
Thank you for choosing TurboTax.
Yes, you can deduct vehicle expenses when the automobile allowance is a taxable benefit and is reported on your T4 slip in box 40. In the end, this amount added to your net income, so you can claim any eligible expenses to offset this income.
Please read this article for more information:https://turbotax.intuit.ca/tips/employment-expenses-what-motor-vehicle-expenses-can-you-claim-12004
‎April 17, 2021
11:18 AM