Government Announces the 2023 Automobile Deduction Limits

Government Announces the 2023 Automobile Deduction Limits and Expense Benefit Rates for Businesses 

December 16, 2022 – Ottawa, Ontario – Department of Finance Canada

Today, the Department of Finance Canada announced the automobile income tax deduction limits and expense benefit rates that will apply in 2023.

The following changes to limits and rates will take effect as of January 1, 2023: