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#158864 - 07/28/07 11:46 AM Automoblie write off
Regina Phallange Offline
Junior Member

Registered: 07/28/07
Posts: 2
Loc: Ontario
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.

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#159033 - 07/29/07 01:43 PM Re: Automoblie write off [Re: Regina Phallange]
Chad McBain Offline
Member

Registered: 10/11/06
Posts: 85
Loc: Guelph , Ont. Canada
Yes and yes. Check with your accountant for the % you should do.
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#159075 - 07/29/07 05:44 PM Re: Automoblie write off [Re: Chad McBain]
Regina Phallange Offline
Junior Member

Registered: 07/28/07
Posts: 2
Loc: Ontario
Thanks Chad.

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