Question

Which class to pick for CCA for a 2016 jeep. And why it's not allowing me to enter the date of purchase 2017.

Forum|Forum|4 years ago
March 7, 2022
1 reply
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As per the Canada Revenue Agency (CRA), Class 10 (30%) is for vehicles under $30,000. If your vehicle is over $30,000 you will need to enter it as a Class 10.1 vehicle.

You can settle the date matter by entering the date of purchase in the Date vehicle acquired (dd/mm/yyyy) and using the UCC at the beginning of the year column to enter the depreciated market value of your vehicle. Leave all other purchase and sold columns blank since they do not relate to you.

This TurboTax FAQ shows how to get there: I'm self-employed. How do I claim vehicle expenses?

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