Hi everyone,
This is my first posting here. Hopefully someone will know the answer to my question.
I expect to be licensed in Ontario before the end of the year.
My car is in need of replacing, and I will most likely buy a used car. My question is this: Can I write off the cost of the car, or any portion of it, as a business expense? I have another job as well, so the car would be used for driving back and forth to this other job too. If I can write off a portion/all of the cost of the car, then it's best that I wait until I'm licensed to buy it. If I can't write off the cost then I get to buy it sooner. Any insight would be great.
Thanks everyone.