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New Member
posted Oct 30, 2019 1:06:51 PM

Can CCA be entered twice for the same vehicle as it is used to run two different businesses?

I use my car to run 2 businesses. One business tarted in 2015 and the other in 2017. This is my first time claiming CCA. When entering the info to claim CCA for my 2015 business, I used FMV of my car in 2015 ( advised by TurboTax).  Now, when entering the details for the 2017 business, should I claim the CCA by using the FMV of my in 2017?

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1 Replies
New Member
Oct 30, 2019 1:06:53 PM

You are correct!  The vehicle expenses have to be entered twice. The difference will be in KM  driven for business but all expenses and vehicle information will be identical. 

Example: you drove during the year 10000 km. Out of which 2000 for business #1 and 3000 for business #2. The rest for personal use. You need to enter full details for vehicle in each business  and TTO will allocate 20% of vehicle expenses to  business #1 and 30 % to business #2.