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posted Oct 30, 2019 10:18:13 AM

Personal vehicle for self-employ. travel sold in 2016, can I claim in 2017?

My previous accountant (H&R Block) has never claimed CCA for my vehicles over tha last 4 years. It is a personal vehicle I also use for my self-employment business travel. I traded my last vehicle in for a new vehicle in February 2017. I am assuming I can still claim the 50% of my current vehicle even though I use for personal use as well? Can I claim my previous vehicle seeing as they didn't or am I too late? Also I purchased a laptop in 2016 and again it was not claimed as CCA on my 2016 taxes, can I claim this on my 2017 taxes?

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1 Best answer
Level 7
Oct 30, 2019 10:18:14 AM

The car you traded in can not be used now. If you want, you can do an adjustment for previous year. 

Your new car, you will enter the KMs for personal versus kms for business and enter your expenses. 

Your computer can be added to 2017 as a UCC balance since you did not claim it in 2016. Enter the cost of the computer as class 50. 

1 Replies
Level 7
Oct 30, 2019 10:18:14 AM

The car you traded in can not be used now. If you want, you can do an adjustment for previous year. 

Your new car, you will enter the KMs for personal versus kms for business and enter your expenses. 

Your computer can be added to 2017 as a UCC balance since you did not claim it in 2016. Enter the cost of the computer as class 50.