Motor Vehicle Expenses - Video

Updated: 2025-03-07

Find out how to enter motor vehicle expenses in TaxCycle T1 for use on other income statements. You will learn how to:

• Create a new Motor Vehicle worksheet
• Enter vehicle information and mileage
• Share motor vehicle worksheets between spouses and statements
• Allocate kilometrage to income statements
• Enter fuel and maintenance expenses
• Trigger motor vehicle CCA
• Calculate applicable leasing costs
• Enter loan interest payment for a vehicle

Date of broadcast: March 6, 2024
Presented by: Parminder Kaur