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Returning Member
posted Mar 18, 2020 10:53:38 AM

Can I claim vehicle expenses?

I purchased a truck in 2018 (paid cash) for the purpose of using it for my small business that I was preparing to start up. But I didn't end up starting my business until 2019. I did not try claiming anything during last year's tax season, but I am wondering if and how I can claim expenses (depreciation, insurance, repairs/maintenance, etc) for this year's return? I am a sole proprietor in Ontario.

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1 Replies
Level 15
Mar 21, 2020 11:27:09 AM

You will start claiming it for 2019 when your business started if you qualify you will claim CAA for your vehicle and here is how

 

 As per CRA -Motor Vehicles not included in CAA, and If you can claim CAA for your vehicle