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BMW 3-Series (E90 E92) Forum > BMW E90/E92/E93 3-series General Forums > Regional Forums > Canada > for those financing a vehicle, income tax report?



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      02-14-2013, 06:11 PM   #1
e90sexion
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for those financing a vehicle, income tax report?

do you also report your annual monthly payment when you do income tax report?
this is for personally not commercial, thanks
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      02-14-2013, 06:27 PM   #2
Zebra99
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Haha of course not dude... Nice try tho.

You can only claim if you're using for business purposes and are working, this are suffering a loss due to use and depreciation.

Personal usage does NOT count regardless of it being financed.
Hope this answers your question.
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      02-14-2013, 06:42 PM   #3
bobblehead
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.... like the H&R block commercial .... "Tax Pain, there's nothin I can do, see ya"
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      02-14-2013, 07:21 PM   #4
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thought so
thanks haha
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