p4ers3 Posted April 20 Report Share Posted April 20 I came across an issue with inputting class (54) CCA. According to CRA, zero-emission vehicles purchased for business use before 2024 can be depreciated in the first year at 100% due to the enhanced CCA rule at a higher allowable capital expense limit. However, UFile (e.g., Motor vehicle expenses under both rental and commission expenses) is missing such options (and the available AIIP section does not seem to apply to vehicles). UFile seems to apply the conventional 30% depreciation for class 54. Am I missing something here, or is it UFile still has not implemented this new rule at this point? Thanks for any comments and advice. See below for the new enhanced CCA rule:https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-22900-other-employment-expenses/capital-cost-allowance/classes-depreciable-properties/zero-emission-vehicles.html Quote Link to comment Share on other sites More sharing options...
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