When you sell a business-use vehicle and it’s the last asset in its CCA class, you may have a terminal loss if the remaining UCC is higher than the sale price.
The Issue
Many tax tools don’t detect this automatically. They may continue calculating CCA and leave a UCC balance, instead of recognizing the loss.
What to Do
Calculate the loss
Terminal Loss = UCC − Sale Price
Then apply your business-use %Example:
($6,300 − $900) × 30% = $1,620Do not claim CCA
Leave the vehicle CCA section emptyReport the loss
Enter it under Other Expenses (Line 9270)