Company Cars in Canada - How They Work and One Big Mistake to Avoid

Our top tips on owning or leasing a vehicle in your business plus how to avoid a common and costly mistake.

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CONTENTS OF THIS VIDEO

00:00 - Intro
00:52 - Business Use vs Personal Use
01:50 - How Personal Use Affects Taxes for Owners
02:50 - How Personal Use Affects Taxes for Employees
04:34 - CRA Automobile Benefits Calculator Demo
08:10 - Big Mistake to Avoid: Keep Personal Use Under 50%
08:50 - Tax Deductions for Business Vehicles
09:50 - Supporting Documents
10:49 - Zero Emissions Vehicles (Rebates and Write-offs)

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MENTIONED IN THIS VIDEO

► Company Cars Blog Article https://www.avalonaccounting.ca/blog/...
► CRA Automobile Benefits Calculator https://www.canada.ca/en/revenue-agen...
► Documenting the use of a vehicle
https://www.canada.ca/en/revenue-agen...
► Mileage Tracking Apps
https://www.avalonaccounting.ca/blog/...
► Zero Emissions Vehicle Rebates
https://tc.canada.ca/en/road-transpor...

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AVALON ACCOUNTING

Avalon is a virtual accounting firm located in Canada. We aim to be THE online accounting department for small businesses in Canada.

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CONNECT

► Website: https://www.avalonaccounting.ca/
► Blog: https://www.avalonaccounting.ca/blog
► Facebook:   / avalonaccoun.  .
► Instagram:   / avaloncpa  
► LinkedIn:   / avalon-accounting  

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FAQs

► What Can I Write-off? http://bit.ly/EXPENSESCAN
► Should I incorporate my business in Canada? http://bit.ly/INCORPCAN
► What is a shareholder loan? http://bit.ly/SHLOANCAN
► When and How Should I Hire an Employee? http://bit.ly/hirelikeapro
► Should I offer profit sharing? http://bit.ly/PROFITSHARECAN

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► https://www.avalonaccounting.ca/blog/...

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We may receive compensation when our link is used to sign up for a Float Visa.

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► https://www.ownr.co/partners/avalon-a...

We may receive compensation when our link is used to sign up with OWNR

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FREE BUSINESS GUIDES:

► Starting Your Business Guide:
https://joecollins.typeform.com/to/bc...

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https://joecollins.typeform.com/to/zJ...

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► Manage Your Own Bookkeeping Course:
https://avalonacounting.thinkific.com...