QUOTE (d2tradingltd @ Mar 30 2010, 02:00 PM) Hello, I am a mortgage associate, 100% commissioned, i work alberta wide. Can I Lease a car and take the payment and insurance etc off my taxes, if so to what extent?
Thank You And Best Regards
You can do it to the extent of personal use vs busines use. Keep a log that chronics your km. At the end of the year, figure out what % of your driving was for business, and you can deduct that amount. I.e. 50% of your car use was business and your total car payments was 6000. You can deduct 3000 off your taxes.
I am however not an accountant, that just what my accountant does for me.