Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 26, 2021 11:01:59 PM

Can I write off a portion of my car payment?

0 1 361
1 Replies
Level 2
Aug 10, 2021 3:18:43 PM

Thank you for your question!

 

Yes, the cost of a motor vehicle can only be written off over time through Capital Cost Allowance on Form T2125.

 

Thank you, for further information please contact us by phone or via private message on Twitter or Facebook.