Archived - Government Announces 2015 Automobile Deduction Limits and Expense Benefit Rates for Business

December 23, 2014 – Ottawa, Ontario – Department of Finance

Finance Minister Joe Oliver today announced the automobile expense deduction limits and the prescribed rates for the automobile operating expense benefit for income tax purposes that will apply in 2015.

The only change for 2015 is an increase to the limit on the deduction of tax-exempt allowances paid by employers to employees that use their personal vehicle for business purposes. All other limits and rates will remain the same as in 2014.

The Government reviews these limits and rates annually, and announces any planned changes prior to the end of the calendar year. This practice ensures that businesses are aware of any changes to the limits and rates before the beginning of the year in which they apply.

Nicholas Bergamini
Press Secretary
Office of the Minister of Finance

Stéphanie Rubec
Media Relations
Department of Finance

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