# Chart to calculate eligible leasing costs for passenger vehicles

1. Enter the total lease charges payable for the vehicle in the tax year

\$ Blank space for dollar value
Line 1

2. Enter the total lease payments deducted for the vehicle before the tax year

\$ Blank space for dollar value
Line 2

3. Enter the total number of days the vehicle was leased in the tax year and previous years

\$ Blank space for dollar value
Line 3

4. Enter the manufacturer's list price

\$ Blank space for dollar value
Line 4

5. \$35,294 + GST 1 and PST, or HST 1 on \$35,294

\$ Blank space for dollar value
Line 5

6. Enter the amount from line 4 or line 5, whichever is more

\$ Blank space for dollar value
× 85%
\$ Blank space for dollar value
Line 6

7. (\$800 + GST 1 and PST, or HST 1 on \$800) × line 3 =

\$ Blank space for dollar value
÷ 30 =
\$ Blank space for dollar value
− line 2
\$ Blank space for dollar value
Line 7

8. (\$30,000 + GST 1 and PST, or HST 1 on \$30,000) × line 1 =

\$ Blank space for dollar value
÷ line 6
\$ Blank space for dollar value
Line 8

Your eligible leasing cost is the lower of the amounts on line 7 and line 8.

1 Use a GST rate of 5% or the HST rate for your province.