Aurangzeb Posted April 17 Report Share Posted April 17 May I claim CCA on second hand (used) vehicle year 2012 to use as a Taxi. I purchased the vehicle of $12,000 in 2023. I am concerned because vehicle year is 2012 and if I consider CCA rate of 30% than it should have been fully depreciated by the year 2023. Quote Link to comment Share on other sites More sharing options...
Geo123 Posted April 17 Report Share Posted April 17 Hello Aurangzeb, You would need to calculate the Undepreciated Capital Cost (UCC) for 2023 based on CCA declining balance. Please consult with an accountant or the CRA. Please contact the CRA at 1-800-959-8281 https://www.canada.ca/en/revenue-agency/corporate/contact-information.html Quote Link to comment Share on other sites More sharing options...
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