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Businesses . . . Taxes . . . Automobile . . .

Ask yourself …

• Do you use a personal vehicle in the course of your business or employment?

• Do you receive any reimbursement for auto expenses?

• Is your vehicle owned or leased?

• If leased, what are your monthly lease payments and how many months were paid in the tax year?

• If owned, what was the original cost of the vehicle?

• Has a mileage log been kept to document business usage?

• Does the car qualify under the passenger restrictions?

• Are non-receipted expenditures (parking, coin car washes) logged or is a reasonable amount allocated for such expenses?

• Are changes in use of the vehicle (personal to business and vice-versa) properly logged?

• Are appointment details sufficient to determine deductibility (travel directly to meeting, for example?)

Links:

• Back to Automobile page

• Business use of your personal vehicle

• Types of expenses

• Personal use of a company owned vehicle

• Automobile log requirement

• GST implications

• Recent court cases

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Send mail to ann.engell@achievingsuccesses.com with questions or comments about this web site.
Last modified: 06/28/06