true CPA, driving your used Honda or Toyota till the end
2025-10-20 18:14:58
45
thebaldsalesguy :
You ignored that your buying the car personally with after tax dollars. So the $100,000 vehicle cost you $200,000 (roughly speaking).
2025-10-20 23:09:50
12
fortnitelover77 :
What could you possibly need a GMC Sierra for as an accountant
2025-10-20 18:25:00
14
Cooper🇨🇦 :
Another benefit of using personal for business, and correct me if I’m wrong. You can bill your business for mileage on the vehicle at the government rate which is around 60 cents per km and its tax free.
2025-10-20 23:05:48
5
moose 🇨🇦 :
why, ans an accountant, do you buy a huge work truck?
2025-10-20 23:04:52
2
user6329418100684 :
Im an accountant CPA and i approve this msg. I also hate people who scam the system by lying and this is very honest
2025-10-21 03:35:30
11
BionicMan905 :
why wouldnt you just lease it through the corp?
2025-10-21 00:30:21
0
Amber Elise :
What if you do genuinely drive for work and require a GMC 3500 for its hauling capabilities?
2025-10-22 00:45:56
0
fcvvderg :
If you use it for work, should you still do it?
2025-10-20 22:52:52
0
rjs :
those rates are based yearly or monthly
2025-10-20 21:56:03
0
Nathan Kennedy :
Amen amen amen - so sick and tired of seeing biz creators with no tax background encourage young entrepreneurs to do this (at least in Canada). It’s not worth the headache!!
2025-10-23 02:48:13
1
Boston :
Could you do a video on why u didn’t keep the Honda as your personal car in your name and lease the truck under the business name? Wouldn’t this allow you to fully write off the truck?
2025-10-21 01:59:29
0
ikbmike :
What happens if you’re a contractor and you drive the truck all day for work and the truck is in the incorporation’s name and it’s a lease?
2025-10-20 22:53:15
0
Raphael :
Does the same logic work for a private Jet purchase through the company?
2025-10-20 22:24:08
1
Jose :
at4 for a accountant...love it!!!
2025-10-26 18:32:48
1
OneOfMyKhine :
I know people that buy Audi/lexus vehicles thru their companies throughout the years … 🙄 CRA is finally catching up I assume.
2025-10-20 19:36:21
4
Dr Voon • ER Doc • Author • :
Thanks
2025-10-20 21:14:32
0
Gerry Dove :
Standby Charge is 2% of Retail of the Truck…Per MONTH.
2025-10-20 23:10:18
2
Darryl Griffioen :
What if you use it 50-75% for work purposes? Worth it for the company to own?
2025-10-21 20:34:28
0
user1007139187356 :
What about leasing?
2025-10-21 23:15:56
0
DNR :
Put you logo on it and call it advertising.
2025-12-11 03:57:02
0
Dan :
Honey by keeping your old car worth $500, you could’ve totally said that one is personal and the truck is corporate. Making that $500 car worth way more - since you get to deduct insurnace, maintenance, gas etc -
2025-10-22 20:42:07
0
Hoofprintsandhorizon :
What would you do if you need a truck for your business, lease or buy or other option?
2025-10-23 01:26:52
0
35RAM00 :
I don't think this would benefit me but we shouldn't say to much the CRA might be watching
2025-10-22 02:01:35
0
TireDad :
always bought my vehicles through my company. safer for me
2025-10-20 22:46:51
0
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