Yearly Survey of CFLA Fleet Lessors for the Federal Department of Finance


Each December, the Federal Department of Finance sets the automobile deduction limits and prescribed rates for determining the taxable benefit on automobile operating expenses for the next calendar year.

CFLA produces an annual survey of the sale of off-lease automobiles by large CFLA fleet lessors. The annual survey has recorded over 400,000 fleet automobiles coming off lease after 18 to 42 months in service and sold between January 1, 1996, and present. 

With this survey, CFLA has been able to maintain stable deduction limits by demonstrating to the federal Department of Finance that the combination of higher depreciation of leased automobiles, rising capital costs and interest rates, and high automobile mileage, all combined to require maintaining a reasonable set of monthly limits.