No, you can only claim the interest portion of your car loan payments, not the principal. You can take CCA on the car which is based on the cost of the car.
Some of the interest you pay on your mortgage, loans, or credit cards may be deductible on your tax return, if eligible. Please read this TurboTax article to learn more about it.
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Hi thanks, but I think I wasn´t clear with my question.
In the INTEREST EXPENSIVE I enter the interes of my new car for Uber, for example $2000.
and in ANOTHER EXPENSES can I enter the total of I pay of the my Car loan?
Can I put Both or just the main interest.?
No, you can only claim the interest portion of your car loan payments, not the principal. You can take CCA on the car which is based on the cost of the car.
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