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Thread: Leasing a car abroad

  1. #1
    Junior Member
    Join Date
    Aug 2011
    Posts
    3

    Leasing a car abroad

    Hello and thanks in advance,

    Does anyone know if a Canadian Corporation can lease a car abroad?

    Too long to explain but I just need to know:

    1. if it is legal
    2. what to tell my accountant


  2. #2
    Senior Member
    Join Date
    Oct 2010
    Posts
    1,240
    1) Doesn't matter where the expenses occur, business expense is a business expense.
    2) What sence does it make to ask online what to tell the accountant, wouldn't it more sence to ask the accountant directly ;-) Isn't what they are for?

  3. #3
    Senior Member
    Join Date
    May 2009
    Posts
    1,614
    Please rephrase the question. What does this have to do with taxes?

    Are you asking if a CDN Corporation can enter into a foreign leasing contract? (Why not, if the leasing company/country will permit it. But this has nothing to do with taxes.)
    Or are you asking if this is a deductible business expense? In which case you have provided no information on how this relates to the operation of your business. A CDN business can legally lease a vacation villa in Fiji, but that doesn't make it a deductible business expense.


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