You qualify to claim Capital Cost Allowance (CCA) on a vehicle:
While you can't claim the total cost of the property you may deduct a percentage of that property’s costs.
Follow the applicable steps provided to enter the CCA for new vehicles into TurboTax:
Instructions for TurboTax Online
- From the menu, select Income, then Self-Employment, and then Self-Employment Profile.
- Fill out your Self-employment Profile.
- When you arrive at the Did you have any work-related vehicle expenses? screen, select Yes, then Continue.
- You'll be brought to Your Vehicle Expenses Summary. Select Add a Vehicle for Business Use.
- Fill out applicable information on the form provided, then select Continue.
- You'll be brought back to Your Vehicle Expenses Summary. Select Done with Vehicles.
Instructions for TurboTax Desktop
- From the menu, select INCOME & EXPENSES, then Employment expenses.
- On the Employment expenses screen, select Yes.
- On the Employment Expenses Profile, select the checkbox that applies to you, then select Continue.
- Select the checkbox for Motor Vehicle Expenses, then select Continue.
- Fill out the section on Employment Related Driving, then select Continue.
- Fill out the section for Other Automobile Expenses, then select Continue.
- In the Sales Tax on your Automobile section, select whether you paid HST, GST, or no sales tax, then select Continue.
- Once all information has been entered properly, TurboTax will automatically calculate the available CCA for your vehicle.