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Chartered Accountants

News

~ 02/12/11~

We would like to congratulate Christine Lee on the successful completion of her C.A. program.

~ 24/06/11~

New Career Opportunity - Closed

Click here for
more information.

~ 08/12/08~

We would like to congratulate Leslie Osualdini on the successful completion of her C.A. program.

~ 08/03/08~

Feb 26, 2008
Budget News:

Tax Free Savings
Accounts for 2009.

Click here for
more information.
Masuda Munro C.A.

FAQ's

What is the maximum allowable vehicle purchase price for tax purposes?
What is the maximum deductible lease cost for tax purposes?
What are the per kilometer rates?
What kind of accounting software do we use?


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What is the maximum allowable vehicle purchase price for tax purposes?

  • In 2007 - 2012 the maximum is $30,000.
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What is the maximum deductible lease cost for tax purposes?

  • In 2007 - 2012 the maximum is $800 per month, the maximum allowable interest deduction for amounts borrowed to purchase an Automobile is $300 per month.
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What are the per kilometer rates?

2008
  • $0.52 for the first 5000km.
  • $0.46 for the remaining kilometers.
2009
  • $0.52 for the first 5,000km.
  • $0.46 for the remaining kilometers.
2010
  • $0.52 for the first 5,000km.
  • $0.46 for the remaining kilometers.
2011
  • $0.52 for the first 5,000km.
  • $0.46 for the remaining kilometers.
2012
  • $0.53 for the first 5,000km.
  • $0.47 for the remaining kilometers.

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What kind of accounting software programs do you use?

We use the following programs:
  • CaseWare
  • QuickBooks
  • Simply Accounting
  • MYOB
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