Deduction limits and the prescribed rates for determining taxable benefits on automobile operating expenses:
| 2022 | |
| Maximum capital cost of a passenger vehicle for the purposes of capital cost allowance | $34,000 before taxes |
| Maximum capital cost of a zero-emission passenger vehicle for the purpose of capital cost allowance | $59,000 |
| Allowable leasing expenses | $900 per month |
| Allowable interest expenses | $300 per month |
| Tax-exempt allowances paid by the employer to the employee –based on the distance the employee travels in his/her automobile: | |
| First 5,000 kilometres | $0.61 per km |
| 5,001 kilometres and more | $0.55 per km |
