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April 24, 2022
Question

Should Class CCA 56 addition for an electric aircraft go into the Motor Vehicle section, the turbo tax software tells me I must do this?

  • April 24, 2022
  • 1 reply
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    1 reply

    April 28, 2022

    Yes, as per the Canada Revenue Agency (CRA) Class 56 captures automotive equipment that is not designed for use on highways or streets such as zero-emission aircraft, watercraft, trolley buses, and railway locomotives. Additions or alterations may qualify if they convert automotive equipment (other than a motor vehicle) into a zero-emission property.

     

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