Chart to calculate eligible leasing costs for passenger vehicles
1. Enter the total lease charges payable for the vehicle in the tax year
2. Enter the total lease payments deducted for the vehicle before the tax year
3. Enter the total number of days the vehicle was leased in the tax year and previous years
4. Enter the manufacturer's list price
6. Enter the amount from line 4 or line 5, whichever is more
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.
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