topic Im having issues with the Motor Vehicle Expense Summary page, what is the CCA for year ? please explain in Troubleshooting

Im having issues with the Motor Vehicle Expense Summary page, what is the CCA for year ? please explain

rossjharrington — Wed, 05 Mar 2025 00:58:04 GMT

Re: Im having issues with the Motor Vehicle Expense Summary page, what is the CCA for year ? plea...

TurboTax_Susan — Thu, 06 Mar 2025 20:08:05 GMT

CCA is Capital cost allowance - the amount of "depreciation" that you are claiming on your vehicle for the year. You don't have to take any for the year if you don't want to.

Re: Im having issues with the Motor Vehicle Expense Summary page, what is the CCA for year ? plea...

creative3deas — Fri, 28 Mar 2025 07:05:56 GMT

I am about to start my taxes and noticed this from last year as well (I didn’t bother claiming vehicle expenses last year as I did not have a vehicle log book and it was a partial year).

For this year, I plan to claim expense but do NOT want to claim any CCA for my vehicle (I just want to write off business expenses; vehicle is used and paid for, I do not want the hassle). When I was testing this before (last year) I didn’t see an option (it forced a CCA calculation for vehicle, even though I didn’t want it to). Please advise the process to avoid this issue when I file my 2024 small business taxes.

Re: Im having issues with the Motor Vehicle Expense Summary page, what is the CCA for year ? plea...

TurboTax_Susan — Sat, 29 Mar 2025 19:35:17 GMT

@creative3deas

In TurboTax Online, you can change the amount of CCA that you are taking on the Vehicle expenses summary page, which shows after you've entered your vehicle expenses.