Don't forget that if you're leasing a vehicle under the company name you'll have Taxable Automobile Benefits. While you get to deduct the lease costs, insurance, fuel and whatnot as auto expenses in the company you also have the annual calculations at year end to determine the taxable benefit.
CRA has a nice little online calculator to do this, and I use it for my staff with leased vehicles as it works quite well. The more expensive the car, and the less the work percentage of kms you drive the less practical it is to have a company leased vehicle.
I have an M3, which I own personally as I would get hammered with the taxable auto benefits as it's an expensive car, and my percentage of kms for work are very minimal.
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