Dec 24, 2025 · It depends on vehicle age, kilometres, and whether you’re approaching big wear items like tires and brakes. The safest approach is a monthly maintenance reserve that you adjust after …

Jan 8, 2026 · Basically, this is what makes variable costs different from fixed costs. Variables costs increase as you drive more, whereas fixed costs do not change when you use your vehicle more.

5 days ago · Today, the Department of Finance Canada announced the automobile income tax deduction limits and expense benefit rates that will apply in 2026.

We recommend continuing the practice of reimbursing government- authorized personal vehicle use on the basis of both fixed and variable expenses, referred to as the Travel Rate (also known as …

Feb 3, 2025 · According to our calculations, the average cash expense of car ownership totals $1,370 each month. This may differ depending on your specific case, but experts recommend that the cost …

This table summarizes typical fixed, variable and total average user costs, and annual mileages, for various modes. Actual costs can vary depending on specific travel activity and conditions.

Dec 23, 2025 · The total amount paid is a composite of fixed administrative charges, variable fees based on the vehicle’s characteristics, and mandatory taxes collected concurrently by the motor vehicle …

When calculating the cost of ownership, divide your expenses into operating and fixed costs. You have to make these cash outlays if you own the car, but don’t drive it! These are made up of the following: …

Vehicle insurance: Your premium is usually a set amount per month or per year. Driving more or less won’t change this base amount during your policy period. Vehicle registration and licensing fees: …

Jul 10, 2023 · License and registration fees can vary depending on the value of the car and the type. Brand-new vehicles tend to incur higher registration fees, while used vehicles may be cheaper.