If you used your car at some time to produce assessable income you may have to make a balancing adjustment.
If you claimed your car expenses using the ‘log book’ method, your balancing adjustment amount needs to be reduced by the amount that is attributable to the use of the car for a non-taxable purpose.
If you only used the ‘cents per kilometer’ method since you began using the car, no balancing adjustment amount arises, as these methods take the decline in value into account in the calculation.