Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 5, 2021 8:02:13 PM

I need to find out the undepreciated Capital Cost for my car but I purchased in in 2019, so shouldn't I leave that section in the TurboTax form blank?

0 2 1422
2 Replies
Level 6
Jun 7, 2021 10:08:25 AM

Thanks for your question. 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. 

If this is your first time claiming CCA on that vehicle, you will not have a UCC amount. UCC is the balance of the capital cost left for further depreciation at any given time. 

For example, if you claimed the full 30% CCA on a $10,000 vehicle last year, your UCC would be $7,000 

( $10,000 - $3,000 = $7,000 UCC)

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-re...

New Member
Jun 12, 2021 2:45:31 PM

I bought it in 2019 but I forgot to claim it for CCA last year, so it has never been claimed - there is no UCC amount. Do I start the UCC at the purchase price even though I bought it in 2019?