My wife and I took out a loan to pay for the residency card, and we also have a lease agreement from last year. Are these two items related anywhere in the tax return?
My wife and I took out a loan to pay for the residency card, and we also have a lease agreement from last year. Are these two items related anywhere in the tax return?
My wife and I took out a loan to pay for the residency card, and we also have a lease agreement from last year. Are these two items related anywhere in the tax return?
Yes, if you lease a vehicle for business or employment purposes in Canada, you can deduct a portion of your lease payments on your taxes, with limits based on the vehicle's value and lease terms. To confirm information about loan payments, we suggest contacting CRA.
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.
Sign In
Canada (English)
EN
