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New Member
posted Oct 29, 2019 7:33:00 PM

I use one car for 2 businesses. How do I claim CCA of the car?

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1 Best answer
New Member
Oct 29, 2019 7:33:03 PM

You can enter the same expenses on both business statements but you will have to enter the number of KM's driven for each business and that will determine what percentage is claimed for each business.

So for example if you have $1000 in gas and maintenance expenses to claim. You would enter $1000 on both businesses. Then for the KMs driven in the year for business you would enter like 2000 KMs to earn for business #1 out of 10,000 KMs driven in the year and then for business #2 it would be like 3000 KMs to earn business out of 10,000 KMs. This is of course just an example.

3 Replies
New Member
Oct 29, 2019 7:33:00 PM

On form T2125

New Member
Oct 29, 2019 7:33:01 PM

One T2125 form for each business, under the CCA schedule.

New Member
Oct 29, 2019 7:33:03 PM

You can enter the same expenses on both business statements but you will have to enter the number of KM's driven for each business and that will determine what percentage is claimed for each business.

So for example if you have $1000 in gas and maintenance expenses to claim. You would enter $1000 on both businesses. Then for the KMs driven in the year for business you would enter like 2000 KMs to earn for business #1 out of 10,000 KMs driven in the year and then for business #2 it would be like 3000 KMs to earn business out of 10,000 KMs. This is of course just an example.