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kmacgre95
April 29, 2022
Question

I am trying to claim my CCA as a part of my self-employment with skip. I have not claimed it last year, so it instructs me to skip the UCC question. But, it won't

  • April 29, 2022
  • 1 reply
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how do I determine the UCC when it says to skip that question?

    1 reply

    TurboTaxSusan
    TurboTaxSusan
    May 5, 2022

    If this is your first time claiming CCA (Capital Cost Allowance) on that vehicle, you won't have a UCC amount. UCC (Undepreciated Capital Cost) is the balance of the capital cost left for further depreciation at any given time. 

     

    This TurboTax FAQ tells you how to claim CCA on a new vehicle: How do I claim CCA on a new vehicle?
     

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