I run a small business (sole proprietor) and sold a piece of depreciable
equipment. Do I include the income from this sale under my business
income on T2125, or is this taken care of under the disposition portion
of the CCA calculations? Thanks!
I had an insurance claim for a piece of damaged business equipment (I am
a sole proprietor). The insurance company wrote off the item (and
salvaged it) and I received a payout less a deductible. I then purchased
a replacement item at a higher cost. I...read more
trying to file with Revenu Quebec and it failed giving me the eel error
and saying that the 'TP10' element is invalid - The value '(514)
xxx-xxxx' is invalid according to its datatype. How do I correct?
Can I use Turbo tax standard to file for a deceased person? the option
in the Profile section doe not contain deceased, only married or widowed
(which is me).
I am using the download version of Turbo Tax Standard.I did the Home
office calculation on CRA site, but when I am trying to enter that info
in the Turbo tax. I see 3 columns "GST Taxable" "HST Taxable" "Zero
Rated & Exempt" , where it says "Enter th...read more
We have changed our principal residence in 2023. While filing my 2023
taxes I answered "Yes" when asked in the interview "Did you Dispose of a
property in 2023, that was your principal residence",1. But technically
I sold the one I was living in for ...read more
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