by Maria
(Toronto, ON)
Driving Your Personal Vehicle For Business Use
Hi,
My brother recently opened a sole proprietor business. He uses the family car registered under the name of his common law partner for business purposes.
For tax purposes, can he claim motor vehicle expenses in proportion to the business use, even though the vehicle is not registered under his name or his business name?
Also, can he claim insurance expenses if the coverage does not include business use?
If he cannot claim insurance because the coverage is only for personal use, can he still claim the other motor vehicle related expenses, gas, repairs, etc. and just leave out insurance expenses?
Looking forward to your reply, thanks in advance.
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