UCC is the balance of the capital cost left for further depreciation at any given time. If you have claimed Capital Cost Allowance (CCA) in the past on your vehicle used for Business or Employment, you will have a number left at the end of the year known as Undepreciated Capital Cost or UCC.
UCC at beginning of 2021: 9,183.83
CCA for 2021 return: 2,259.19
UCC end of 2021: = 9,183.83 - 2,259.19 = 6,924.64
UCC for 2022:
Since you had no business income or expenses in 2022, you didn't claim any CCA for 2022.
Therefore, the UCC at the end of 2022 remains the same as at the end of 2021 = $6,924.64
UCC at the beginning of 2023:
The UCC at the beginning of 2023 is the same as the UCC at the end of 2022 = $6,924.64
You do not enter the same UCC value for both businesses. Instead, you should determine the percentage of business use for each business and allocate the UCC accordingly.
For example: Assume Business A uses the car 60% of the time, and Business B uses it 40% of the time. Allocate UCC based on usage:
For Business A: 60% of $6,924.64 = $4,154.78
For Business B: 40% of $6,924.64 = $2,769.86
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