What to Lease for Less than the CRA Limit

Kia’s cracked the electric-vehicle market with its Soul EV in which virtually everything about it feels like a ‘normal’ car. Some differences inside deal with battery range and power output, but it otherwise operates like a gas-powered Soul. The 109 hp electric motor is plenty torquey and has a generous 150 km range.

We’ve a couple stabs at suggesting what various vehicles can be financed at different price caps, but this time will be focusing on leasing instead. Why lease? It’s tax time, and leasing makes sense for entrepreneurs, consultants and tradespeople too, who can write off a portion of their monthly payments and expenses. That’s why we’ve included everything from basic work vans to luxury cars, to try and cover off a whole range of possible uses. The most you can claim is $800/month, but your actual entitlement could be less based on usage, vehicle value and more. This is a rough guide of things that fall under the CRA cap only. All calculations are done with no down-payment or trade.

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Mark Atkinson

Mark Atkinson

Mark Atkinson worked at Inside Track Motorsport News for six years before moving to Formula Media Group’s Carguide and World of Wheels magazines. Now a freelancer, Mark is a longstanding member of the Automobile Journalists Association of Canada (AJAC). He lives in Fredericton, NB with his wife and four-going-on-fourteen-year-old daughter.
Mark Atkinson

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