Ottawa, December 29, 2011
2011-146

Archived - Government Announces 2012 Automobile Deduction Limits and Expense Benefit Rates for Business

Archived information

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The Honourable Jim Flaherty, Minister of Finance, today announced the automobile expense deduction limits and the prescribed rates for the automobile operating expense benefit that will apply in 2012. Specifically:

The Government reviews these rates and limits annually, and announces any planned changes prior to the end of the calendar year. This practice ensures that businesses are aware of the new rates before the beginning of the year in which they apply.

For further information, media may contact:

Mary Ann Dewey-Plante
Press Secretary
Office of the Minister of Finance
613-996-7861

Jack Aubry
Media Relations
Department of Finance
613-996-8080

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