- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Can I Claim CCA on a new vehicle that I bought that I use for work but I receive a vehicle allowance on my income?
I am salary plus commission and use my vehicle for work. I bought a new vehicle during the year and wondering If I can claim CCA. I receive a monthly vehicle allowance from my employer. On my T2200 The allowance is listed as an allowance that was included on the employee's t4.
Topics:
October 30, 2019
9:29 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Self-employed
If the allowance is paid monthly and included in income then you are able to claim CCA on the purchase, fuel expenses for the entire year (limited by mileage) as well as insurance repairs and loan interest. Use the Motor Vehicle Expenses screen found in the Employment Expenses section of Turbo Tax found under "Income".
October 30, 2019
9:29 PM