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adamco2018
New Member

How do I enter car expenses if I sold one car and bought another throughout the year? there is only one page for car expenses and it assumes there is only one car?

 
1 Reply
SandraWWoodbridge
Level 2

How do I enter car expenses if I sold one car and bought another throughout the year? there is only one page for car expenses and it assumes there is only one car?

Car expenses are treated differently than other expenses. For the details, please visit I'm self-employed, how do I claim vehicle expenses?

If you have claimed CCA in the past, you can enter the amount that you received from disposing the older car.

Please visit Form T2125: Claim CCA on more than two vehicles being used as business expense to claim CCA for the second car.

 

If you require further assistance please contact our phone support team or contact us directly on Facebook or Twitter.

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