Column 7 - Base amount for capital cost allowance

Base your capital cost allowance (CCA) claim on this amount.

For a Class 10.1 (30%) vehicle you disposed of in the current fiscal period, you may be able to claim 50% of the CCA that would be allowed if you still owned the vehicle at the end of this fiscal period. This is known as the half-year rule on sale.

You can use the half-year rule on sale if, at the end of your previous fiscal period, you owned the class 10.1 vehicle you disposed of in the current fiscal period. If this applies to you, enter 50% of the amount from Column 2 - Undepreciated capital cost (UCC) at the start of the year, in Column 7.

Forms and publications

• Guide T4002, Business and Professional Income
• Form T2125, Statement of Business or Professional Activities

Related topics

• Class 10.1 (30%)

Date modified:

2016-01-05