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Self-employed
Show the disposal at the UCC, undepreciated capital cost (257.99) There should be a place to show a terminal loss. You will need to do that for each item. Be aware that there may be a recapture of amortization, which will show as income since the entire class 8 has been disposed.
Also, if you claimed the GST/HST on any of these items, you may need to include a recapture of GST calculated at fair market value.
‎October 29, 2019
5:54 PM