10 October 2024 APFF Roundtable Q. 11, 2024-1028921C6 F - Récupération d’amortissement liée à un bien de la catégorie 10.1 – travailleur autonome -- summary under Class 10.1

CRA considers that the CCA deduction for the motor vehicle of a self-employed worker that is used for both business and personal use can be computed by determining the amount of CCA in respect of the motor vehicle as if it were used entirely for business purposes, while deducting annually only the proportion of CCA corresponding to the business use in the particular year. However, CRA effectively indicated that the individual had the choice between the above simplified administrative method and the method actually contemplated by ss. 13(7)(c) and (d) (e.g., recording a capital cost increase of the business-use portion if the business-use percentage increased).