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Find CRA error Netfile information >> HERE!
Cheng42
New Member

CCA Class 54 is not calculating correctly. It is taking an enhanced first year rate of 100% rather than 75%. This is causing a huge difference in the CCA deduction.

Called Turbotax support and spent hours speaking to multiple representatives/tax experts yet none of them have any clue about the tax accounting rules here in Canada. Was promised a callback about getting this fixed but never heard back.
4 Replies
user17734123570
Returning Member

CCA Class 54 is not calculating correctly. It is taking an enhanced first year rate of 100% rather than 75%. This is causing a huge difference in the CCA deduction.

I am having the same issue. I have updated the software. I have even deleted the form and restarted and its still the same. Do I just change the amount claimed to 75%? 

CCA Class 54 is not calculating correctly. It is taking an enhanced first year rate of 100% rather than 75%. This is causing a huge difference in the CCA deduction.

@user17734123570 Are you using TurboTax Desktop or TurboTax Do It Yourself (Online)? What are you claiming CCA for ex: Self-employment, rental income?

 

 

user17734123570
Returning Member

CCA Class 54 is not calculating correctly. It is taking an enhanced first year rate of 100% rather than 75%. This is causing a huge difference in the CCA deduction.

I am using desktop premier. Self employment. for a Class 54 ZEV  purchased in 2025 it should an enhanced rate of 75%. It is using a enhanced rate of 100%

Cheng42
New Member

CCA Class 54 is not calculating correctly. It is taking an enhanced first year rate of 100% rather than 75%. This is causing a huge difference in the CCA deduction.

I am using the desktop version as well but standard. Everything is updated. Putting only 75% of the cost as CCA will cause the next year to have issues since it will carry forward nothing as your undepreciated cost base so Turbotax needs to actually fix the percentage it's applying. 

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