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February 5, 2024
Question

How do I claim for pre-paid maintenance?

  • February 5, 2024
  • 1 reply
  • 0 views
I purchased a vehicle last year with pre-paid maintenance. I know you can claim maintenance with your vehicle expense but how do I claim prepaid maintenance?

    1 reply

    TurboTaxSusan
    February 5, 2024

    You would claim the part of the expense you used during the year, and claim the rest when you use it in future years.

    GrimmisAuthor
    February 5, 2024

    So do I found out how much that maintenance would have been if I didn't have prepaid maintenance and claim that amount?

    February 5, 2024

    The answer to this question would be best asked from the Canada Revenue Agency (CRA) at 1-800-959-8281. They will be able to clarify exactly how they like this to be claimed.

     

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