IT Contractor - Lease or Finance?
Anyone working here as an independent IT contractor? For tax purposes and claiming expenses, what do you feel is better - leasing or buying a car?
Mar 17th, 2022 5:31 pm
Mar 17th, 2022 5:40 pm
Mar 17th, 2022 6:08 pm
If you are writing off the whole lease... beware of audits. You better have a lot of different concurrent clients and have them be geographically diverse and you better have 2nd car where you can use for personal usage.
Mar 17th, 2022 6:15 pm
Mar 22nd, 2022 9:40 am
Mar 22nd, 2022 10:26 am
https://www.canada.ca/en/revenue-agency ... cords.html
Mar 22nd, 2022 12:42 pm
If you're a typical IT contractor who works for one bank for months on end, forget about it lol
Mar 22nd, 2022 3:30 pm
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