How is CCA calculated for personal use property?

If you buy an asset for both personal and business use, you can claim the CCA for business use of the property.

Consider this example: In 2022, John bought a vehicle for $20,000 including all taxes and charges. He drove a total of 30,000 KM during 2021 from which 10,000 KM was for business use. What is the CCA for the business of the vehicle?

The car is a Class 10 (CCA 30%) due to its cost. Since it's the first year of purchase, the 50% rule on acquisitions rule applies and therefore John can only claim 50% of the CCA for the year, as mentioned below

(20,000 x 50%) x 30% = 3,000 (Total CCA for 2021)

10,000 / 30,000 = 33.33% ( Business use CCA)

Business use CCA=3,000 x 33.33% = 1,000