2026 automobile limits
Passenger vehicles have ceilings on CCA, loan interest and leasing costs. The amounts come from the Department of Finance each year.
| Year bought or leased | CCA ceiling | Zero-emission CCA ceiling | Interest / month | Lease / month |
|---|---|---|---|---|
| 2026 | $39,000.00 | $61,000.00 | $350.00 | $1,100.00 |
| 2025 | $38,000.00 | $61,000.00 | $350.00 | $1,100.00 |
| 2024 | $37,000.00 | $61,000.00 | $350.00 | $1,050.00 |
| 2023 | $36,000.00 | $61,000.00 | $300.00 | $950.00 |
Amounts are before sales tax. The lease limit is per 30 days, plus tax.
The year that counts
These limits follow the year you bought the vehicle or signed the lease, not the tax year you are filing. For example, a car bought in 2023 keeps the $300 monthly interest limit, even on a 2026 return.
How the interest limit works
The CRA limit is the monthly amount ÷ 30 × the number of days you paid interest. For 2026 that is $350 ÷ 30 per day. Revenu Québec uses $11.67 per day for vehicles bought from 2024 on.
Keep the logbook on your phone
The iOS app records trips and odometer readings without GPS and without an account. It produces the T2125 and TP-80 vehicle figures from the same rules as these calculators. Your data stays on your phone.
Mileage Tracker & Log for CRA, coming to the App Store in Canada.
Official sources
- Department of Finance – 2026 automobile deduction limits and expense benefit rates
- Revenu Québec – Limits and rates related to the use of an automobile for 2026
- CRA – Guide T4002, Chapter 3 (Expenses)
- Revenu Québec – Guide IN-155-V (Business and Professional Income)
Rules and amounts on this page were checked against these pages on 2026-10-16. This page is general information, not tax advice.