Quote:
Originally Posted by carnut
If you purchase or finance, you can also deduct depreciation for the use of your vehicle for business purposes (it was 30% of declining balance when I was Finance Mgr many moons ago) - so the fact that you can deduct vehicle expenses for tax purposes doesn't necessarily lead one in a particular direction as to how to pay for the vehicle..  |
Never said it did lead anyone
What I wanted to know is was there more than one reason, in Canada, to pay for your vehicle in cash other than tell everyone that you are online. Seems you've answered my question.