Chart – Eligible leasing costs for passenger vehicles leased after December 31, 2000
1. Enter the total lease charges paid for the vehicle in 2023.
$ Blank space for dollar value
Line 1
2. Enter the total lease payments deducted for the vehicle before 2023.
$ Blank space for dollar value
Line 2
3. Enter the total number of days the vehicle was leased in 2023 and previous years.
Blank space for number of days vehicle leased in 2012 an previous year
Line 3
4. Enter the manufacturer's list price.
$ Blank space for dollar value
Line 4
5. $42,353Footnote 1 + GSTFootnote 2 and PSTFootnote 2, or HSTFootnote 2
$ 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
x 85%
$ Blank space for dollar value
Line 6
7. ($950Footnote 3 + GSTFootnote 2 and PSTFootnote 2, or HSTFootnote 2) x line 3 =
$ Blank space for dollar value
÷ 30 =
$ Blank space for dollar value
− Line 2
$ Blank space for dollar value
Line 7
8. ($36,000Footnote 4 + GSTFootnote 2 and PSTFootnote 2, or HSTFootnote 2) x 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.
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