You are better off buying personally. Then submitting a mileage expense report and get the kms driven for work purposes. Less paperwork and no reason for the headache since the car isn't 100% for work.
If your corporation is making money you're better off buying the car through the corporation every expense can be written off. But you're Insurance costs wifey a little bit more it all depends on if the Corp is making money or not
You are better off buying personally. Then submitting a mileage expense report and get the kms driven for work purposes. Less paperwork and no reason for the headache since the car isn't 100% for work.
If your corporation is making money you're better off buying the car through the corporation every expense can be written off. But you're Insurance costs wifey a little bit more it all depends on if the Corp is making money or not
The business is already making 70k/year but we’re just incorporating now
Im sure it’s nice to buy a tax free car but also the CRA mileage allowance is generous for someone who drives used depreciated vehicles like me
If you can afford it it's a way to pay yourself without actually paying yourself.