Regulatory Initiative: Automobile Deduction Limits and Expense Benefit Rates - Forward Regulatory Plan 2018-2020

Title or working title of the regulatory initiative:

Automobile Deduction Limits and Expense Benefit Rates

Description of the objective:

The Income Tax Regulations that prescribe the automobile expense deduction limits and the rates for determining the taxable benefit with respect to automobile operating expenses are reviewed annually to ensure that they remain appropriate.

Indication of business impacts:

The Small Business Lens is not expected to apply.

Public consultation opportunities:

The limits and rates for a calendar year are announced by news release prior to the start of the year for which they apply to ensure that taxpayers are aware of the applicable limits and rates before the start of the year. Canadians are given opportunities to comment on the recommended changes following the end-of-year news release. Any announced changes are implemented by amendments to the Income Tax Regulations.

Departmental contact:

Consultations and Communications Branch
Department of Finance Canada
14th floor
90 Elgin Street
Ottawa, Ontario K1A 0G5

Phone: 613-369-3710
Facsimile: 613-369-4065
TTY: 613-369-3230

For more information

To learn about upcoming or ongoing consultations on proposed federal regulations, visit the Canada Gazette and Consulting with Canadians websites.