CAR EXPENSES &
BENEFITS
Year
|
|
Operating Cost Benefit - rate
per kilometer (4) |
|
Tax Exempt Allowances Limit (5,6,7)
|
|
Capital Cost of Passenger Vehicles
Limit (8) |
Monthly Lease Limit (9) |
Monthly Interest Deduction (10)
|
| 2013 |
|
26¢ |
|
53¢ / 47 ¢ |
|
$30,000 |
$800 |
$300 |
| 2012 |
|
26¢ |
|
53¢ / 47 ¢ |
|
$30,000 |
$800 |
$300 |
| 2011 |
|
24¢ |
|
52¢ / 46 ¢ |
|
$30,000 |
$800 |
$300 |
| 2010 |
|
24¢ |
|
52¢ / 46 ¢ |
|
$30,000 |
$800 |
$300 |
| 2009 |
|
24¢ |
|
52¢ / 46 ¢ |
|
$30,000 |
$800 |
$300 |
| 2008 |
|
24¢ |
|
52¢ / 46 ¢ |
|
$30,000 |
$800 |
$300 |
| 2007 |
|
22¢ |
|
50¢ / 44¢ |
|
$30,000 |
$800 |
$300 |
| 2006 |
|
22¢ |
|
50¢ / 44¢ |
|
$30,000 |
$800 |
$300 |
| 2005 |
|
20¢ |
|
45¢ / 39¢ |
|
$30,000 |
$800 |
$300 |
| 2004 |
|
17¢ |
|
42¢ / 36¢ |
|
$30,000 |
$800 |
$300 |
| 2003 |
|
17¢ |
|
42¢ / 36¢ |
|
$30,000 |
$800 |
$300 |
2002 |
|
16¢ |
|
41¢ / 35¢ |
|
$30,000 |
$800 |
$300 |
2001 |
|
16¢ |
|
41¢ / 35¢ |
|
$30,000 |
$800 |
$300 |
2000 |
|
15¢ |
|
37¢ / 31¢ |
|
$27,000 |
$700 |
$250 |
| 1999 |
|
14¢ |
|
35¢ / 29¢ |
|
$26,000 |
$650 |
$250 |
1998 |
|
14¢ |
|
35¢ / 29¢ |
|
$26,000 |
$650 |
$250 |
| 1997 |
|
14¢ |
|
35¢ / 29¢ |
|
$25,000 |
$550 |
$250 |
(4) rate for regular employees
- rate is lower for employees employed principally in selling or
leasing automobiles
(5) on allowances paid by employers to employees
based on actual kilometers driven for business purposes
(6) rates are higher for Yukon, North West Territories,
and Nunavut
(7) higher rate is for first 5,000 km driven by
individual employee; lower rate is for each additional km driven
in excess of 5,000km
(8) on which capital cost allowance may be claimed;
to the amounts there may be added applicable GST/HST
(9) maximum deduction that may be claimed on leased
passenger vehicles - based on year in which lease was entered into;
there may be deducted applicable GST/HST and PST
(10) on loan to finance acquisition of passenger
vehicle
|
