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Jonny's Sales is a sole proprietorship owned by Jonny Jones. Jonny leased a new 2024 Honda Civic which he uses to make sales calls in
Jonny's Sales is a sole proprietorship owned by Jonny Jones. Jonny leased a new 2024 Honda Civic which he uses to make sales calls in the business on January 1, 2023. The vehicle was driven 40,000 kilometres in 2023, 29,000 of which related to the business. Lease payments for the vehicle were $1,570 per month.
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In Jonnys situation the key is to identify the maximum allowable deduction for the leased vehicle in ...
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Canadian Income Taxation Planning And Decision Making
Authors: Joan Kitunen, William Buckwold
17th Edition 2014-2015 Version
1259094332, 978-1259094330
