Quote:
Originally Posted by 0002s
So there could be a reason to lease in Canada, other than potential lower payment.
|
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..
