What automobile expenses are tax deductible?

The types of automobile expenses you can claim include:

  • Fuel and oil costs;
  • Insurance;
  • Interest on money borrowed to buy a motor vehicle;
  • License and registration fees; and
  • Maintenance and repairs;

You can claim leasing costs if you lease your automobile or you can claim capital cost allowance (CCA) if you own the automobile. 

You can deduct the full amount of parking fees related to your business activities and supplement business insurance for your motor vehicle.

How to calculate business portion of vehicle expenses 

How to claim vehicle expenses?

 

Additional information