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Finance Parks Automobile Deduction Limits and Prescribed Rates for 2014 

Canadian Tax Adviser

 

January 07, 2014

 

Ruth Cummings
Toronto, Canadian Corporate Tax

 

Finance announced that there will be no changes to the automobile expense deduction limits and prescribed rates for determining the taxable benefit on auto operating expenses for businesses that will apply in 2014.

As a result, the limits and rates for 2013 and 2014 are as follows:

 

 

For more information, contact your KPMG adviser.

 

 

 

 

 

Information is current to January 07, 2014. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500

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