Canada's Department of Finance has issued a release on 21 December announcing the 2021 automobile deduction limits and expense benefit rates for businesses.
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Government Announces the 2021 Automobile Deduction Limits and Expense Benefit Rates for Businesses and Temporary Adjustments to the Automobile Standby Charge due to COVID-19
Today, the Department of Finance Canada announced the automobile income tax deduction limits and expense benefit rates that will apply in 2021.
Most of the …