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posted Apr 18, 2024 7:00:47 AM

Sale of depreciable asset in small business income

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!

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Moderator
Apr 18, 2024 9:54:05 AM

If you were taking CCA on the item, then you would enter the sale of it as a disposition.