CCA Trade in

Tax Topics
1

Good Morning fellows,

I have a T2 client. He bought a truck for $80,000 2 years ago and he claimed CCA accordingly. In 2023, he traded that truck with new one with cost of $90,000. Just wondering how to accommodate this new trade in on CCA point of view.

Any help will be greatly appreciated, thanks

2

Proper tax treatment will highly depend on the particular CCA class that each of those trucks belongs to.