Normally, the CCA recapture and terminal loss rules do not apply to passenger vehicles included in CCA Class 10.1 (passenger vehicles that cost over $34,000). However, if the vehicle has been designated as immediate expensing property, special rules apply such that recapture will most likely be triggered on a disposal. It may be best to contact the Canada Revenue Agency (CRA) to clarify the correct way to claim. You can call them at 1-800-959-8281.
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