Quote:
Originally Posted by mikemhg
Am I completely missing out a write off for all my leases over the years?
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Not always necessarily. You can sometimes come out top depending on how much your employer pays you per KM driven, and how often you drive.
Some jobs/roles enable a monthly allowance to lease a vehicle for work purposes (Hehe's wife is an example, lucky guy scored a trophy wife) where she gets a nice allowance for vehicle lease, but some employers will pay a fixed amount, or mileage. So it all depends in the circumstances. Best to speak to an accountant for such advice. Probably some lurking here for sure.
There were times where I used to get up to $1,000 in mileage, but that was rare, and more often than not, company asked us to rent a vehicle, or sign out a fleet vehicle instead. It was often nice to get a $200 - $300 monthly to cover gas/maintenance/insurance, but we didn't always drive, so leasing made no sense to me.