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karengaze
New Member

Can you help me find the UCC for my truck?

I did not claim it in 2019 when I bought the truck.
1 Reply
reshaque
Level 6

Can you help me find the UCC for my truck?

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...

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