Revenu Québec has announced the automobile expense deduction limits and the prescribed rates for automobile operating expense benefits that will apply for the 2015 taxation year. These rates are in line with the rates previously announced by the federal Department of Finance.
Specifically, the limits and rates in effect will be as follows:
Please note that the above limits and rates may be subject to the input tax refund restriction for large businesses.
The Information Bulletin may be accessed at the following link: