Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
English EN

Pick a language

Canada Français United States of America English
cancel
Showing results for 
Search instead for 
Did you mean: 
su-eong
New Member

How do I determine the Undepreciated Capital Cost of my vehicle?

 
1 Reply
reshaque
Level 6

How do I determine the Undepreciated Capital Cost of my vehicle?

Thanks for choosing TurboTax. 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...

v