That's correct. The proportion above $55,000 would not be deductible for tax purposes, which is nevertheless an increase from the same vehicle that is gas powered. The amount above $30,000 would not be deductible for tax purposes.
Director General, Business Income Tax Division, Tax Policy Branch, Department of Finance
That's correct. The proportion above $55,000 would not be deductible for tax purposes, which is nevertheless an increase from the same vehicle that is gas powered. The amount above $30,000 would not be deductible for tax purposes.
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