Administrative Policy
22 May 1990 T.I. (October 1990 Access Letter, ¶1465)
The amount based on the manufacturer's list price is not reduced by employee deposits or by depreciation due to the age of the vehicle, and options owned by the leasing agency are included in that amount even when paid for by the employee.
23 April 1990 T.I. (September 1990 Access Letter, ¶1418)
"Amounts deducted" refers to the portion of the expense that was laid out to earn income.
18 October 89 Meeting with Quebec Accountants, Q.9 (April 90 Access Letter, ¶1166)
Where a corporation leases a fleet of vehicles, and subleases them to other members of the corporate group, s. 67.3 could apply both to it and to the other corporations.
88 C.R. - "Automobile Rules" - "With Respect to Expensive Automobiles"
S.67.3 applies to lump sums paid at the beginning or end of the lease.