Originally Posted by
Abneycat
In Ontario in particular I can actually recall there being a proposed initiative to give cyclists a $1,000 tax exemption for the purchase of a commuter bicycle, but I don't know whether that initiative went through or not.
So far as i'm aware, no, you can't claim your bike on taxes.
I spoke with Sporting Life last week while the bike show was on (could not go to the show.
). Thier bike department guy seemed rather up and up on the 'no tax' on the bikes thing. He told me that the bike no tax on bikes -$1000 or less, helmets, lighting, (I think) bells you don't pay taxes on. He told me that this is a one year trial thing to the best of his knowledge ending in Nov/2008 and thanks the MaGuinty goverment for this to help others get inolved in riding and take an alternative transportation.
I can't confirm what he said on that but I am appreciative of the tax breaks. I wonder if that covers locks?
