It starts:
“An interesting article written by David Booth of Motor Mouth (http://www.motormouth.ca) follows. One point to keep in mind is that in the USA, classic and exotic cars are treated as investments by the IRS, whereas in Canada, no such luck. In fact, many of the high priced vehicles offered at US auctions are bought by a leasing company for the owners who turn around and lease the vehicle accordingly, thus being able to write-off the most of the lease”…. More HERE
