I am salary plus commission and use my vehicle for work. I bought a new vehicle during the year and wondering If I can claim CCA. I receive a monthly vehicle allowance from my employer. On my T2200 The allowance is listed as an allowance that was included on the employee's t4.
If the allowance is paid monthly and included in income then you are able to claim CCA on the purchase, fuel expenses for the entire year (limited by mileage) as well as insurance repairs and loan interest. Use the Motor Vehicle Expenses screen found in the Employment Expenses section of Turbo Tax found under "Income".
If the allowance is paid monthly and included in income then you are able to claim CCA on the purchase, fuel expenses for the entire year (limited by mileage) as well as insurance repairs and loan interest. Use the Motor Vehicle Expenses screen found in the Employment Expenses section of Turbo Tax found under "Income".
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