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Level 1
Jun 14, 2020 10:30 PM UTC
Question

Claiming CCA for Selfemployed

Can a Self-employed Husband claim CCA for the newly purchased car in the name of wife, as he is using that car for business purpose

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1 reply

Level 3
Jun 18, 2020 3:47 PM UTC

If the husband is keeping good records for his use of the family car (log books for mileage, etc.), then there is no reason why he cannot also claim the CCA.  The CCA would be claimed at the same ratio of use as the vehicle's other expenses.  Keeping accurate records is a good way to "audit-proof" himself from the tender ministrations of the CRA.