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June 26, 2024
Question

If I claimed the full amount for the enhanced CCA for EV, would the unsed portion carry over to the following year?If it doesn't would I be able to change it?

  • June 26, 2024
  • 1 reply
  • 0 views
The enhaced CCA is 100%

    1 reply

    June 27, 2024

    Taking CCA is optional; so you can take only a portion this year or none at all. Anything you don’t claim this year will remain in your UCC balance for future years. Since you can’t use CCA to create or increase a loss, you may not be able to take the full amount there, if you have less income than CCA.

     

    You can also check these TurboTax FAQ Links, 

    What is the capital cost allowance (CCA) on accelerated investment incentive properties and zero-emi... 

    What is the capital cost allowance (CCA) on zero-emission vehicles?

     

    Thanks for choosing TurboTax.

    Community Manager
    June 28, 2024

    Good answer please post (if not posted already)