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February 5, 2022
Question

Claiming CCA for a class 10.1, but in 2021 bought a class 10. How do I wind down the 10.1 in 2021? Since I didn't use 10 in 2021 do I have to claim CCA and if so how?

  • February 5, 2022
  • 1 reply
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    1 reply

    TurboTaxSusan
    February 6, 2022

    You would make a disposition of your class 10.1 automobile, to close out the class.

     

    For the class 10 vehicle, you don’t have to take CCA on it this year, but you can still enter it as an addition. Any CCA that you don’t claim this year will remain in your UCC balance for future years.

     

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