How can I submit vehicle expenses if I do not have CCA for the car I drive for my small business. The car was gifted to me. That's why I didn't put any CCAlast year.Help?
How can I submit vehicle expenses if I do not have CCA for the car I drive for my small business. The car was gifted to me. That's why I didn't put any CCAlast year.Help?
I recieved a Kia Soul from my parents. Because it was a gift I didn't claim any CCA as part of my small business. Last year(2023) I filed my self-employment taxes without any issues. This year(2024) I am having issues because the online form is asking for a minimum CCA amount if I want to claim vehicles expenses, which I do have (approximate $4k). The only way it allows me to input my vehicle expenses is if I input a value of $1, but I didn't declare this last year because it was a gift. I use the car for my business. What can I do?
How can I submit vehicle expenses if I do not have CCA for the car I drive for my small business. The car was gifted to me. That's why I didn't put any CCAlast year.Help?
I will let our product development team know about this issue. In the mean time, you can enter $1 for the purchase price of the vehicle, and then on the Vehicle expenses summary, you can reduce the "CCA for the year" to zero so you don't claim anything.
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