Image

First year working in a commission compensation structure at a new company. Purchased a vehicle in May 2023 for this role, use it approx 70% work and 30% personal.

Image

Let's say the vehicle I purchased was 20,000 and used from May - Dec... my understanding would be that I can claim the following as CCA: 20,000x30%=6,000 /2 (for half year rate) = 3,000 x 70% (prorate for 30% personal use = 2100. Where do I enter this amount?

I've added a 'purchased vehicle' tab under motor vehicle expenses in the interview but am a bit lost as to how to properly enter my information.

> T777 - Employment expenses p2 Capital cost allowance (see Parts A and B on pages 4 and 5)  $3,000 Line 20 multiplied by line 29 Employment-use portion = $2,100  30   >

Interview >> Motor vehicle expenses >> Purchased motor vehicle Vehicle information *Model of vehicle  [CCA Addition] *Make of vehicle [My_Car]  *Purchase date of the vehicle [01-01-2023]  *Kilometres travelled to earn employment income [7]  Total kilometres you drove in the tax year [10] CCA class *CCA class of the vehicle  [Class 10 - 30%] *Opening balance of the undepreciated capital cost [NULL]   Vehicle acquisition during the year *Description and amount of capital additions (other than AIIP):  [My_Car]  [$20,000.00] *Description of the vehicle  [My_Car]  *Adjusted cost base of the vehicle  [$20,000.00]

Image

I understand that as the vehicle is partially used for personal use, the deductions are pro-rated - do I need to calculate that prior to entering them into the boxes in the interview (such as "maintenance and repairs for the year")?

WARNING: This product can expose you to chemicals, which is [are] known to the State of California to cause cancer and birth defects or other reproductive harm. For more information go to www.P65Warnings.ca.gov.