Question

If I purchased an EV for Uber and to manage short term rental in 2021, can I use the 100% accelerated CCA for it in 2021? or split 50/50 for 2021

Forum|Forum|4 years ago
January 23, 2022
1 reply
0 views

I also have some personal use of the vehicle, but Uber will take the majority of the mileage used overall, so the personal use portion might not be significant.

A

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Zero Emission Vehicles used for rent and taxi cabs fall under Class 55 and can claim a maximum of up to 100% CCA rate if the vehicle meets the eligibility criteria mentioned in the below CRA links,

Zero-Emission Vehicles-Class 55 for automobiles for lease or rent and taxicabs

You can also check these TurboTax FAQ Links,

What is the capital cost allowance (CCA) on accelerated investment incentive properties and zero-emi...

https://turbotax.intuit.ca/tips/guide-uber-partners-7522

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C

cchungAuthor

So I took delivery of the EV late October. Can I depreciate the EV 100% this year and depreciate my other vehicle for the 2021 January to October use in year 2022 to maximize deduction?

And how about splitting the depreciation of the EV by depreciating 20% for 2021 and 80% for 2022?