Quote:
Originally Posted by Violator
I just received a contract position that requires me to use my personnel vehicle for work I get a gas card and a couple hundred dollars a month for maintenance.I was told I can write of the insurance cause I would be my own business I was curious if this was true and was curious how much of a percentage I would get in return come tax time.I was curious if I bought a vehicle how much of a percentage I could write off?
|
any deductions will be prorated on a basis of personal to business use for the vehicle.
For purchasing the vehicle it will depend on what class of vehicle it is to deduct CCA.