There are many instances that a certain individual can take advantage in claiming a tax deduction.  Using your car for employment or business purposes can make its owner qualified for tax deductions.  A business owner can make a claim if he uses his car for his business or through a partnership.  Keeping your receipts from all of your car expenses will allow you to claim a proportion of these expenses that represents your work or business-use.  You can also benefit from the total kilometers you have driven in a year.  For 10,000 km business kilometers in a year and you have used 30,000 km, you are able to deduct one-third of all its costs.

Excerpt:

“If you use your car in your employment or business you are very likely eligible to claim tax deductions.”

Original article can be found at:

http://www.theglobeandmail.com/globe-investor/personal-finance/tax-matters/how-to-steer-your-way-toward-tax-deductions/article1993460/

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