Here I have covered Car lease, Please let us know if you want me to cover another topic.
You can deduct the business percentage of your lease payments. For leased vehicles, the limit on the monthly lease payment that you can deduct is $800 per month plus HST, which works out to a maximum of $9,600 in expenses that are tax-deductible annually.
In addition to that, there are more things to consider.
- How many Miles/Km you drove.
- How long you want the car.
- How much you want to spend on a car.
Here is a full article, Should I Buy or Lease My New Business Vehicle?
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