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Self-employed
Any money that you were paid that wasn't for inventory or fixed assets would be considered goodwill. Goodwill itself is considered like a fixed asset, so to enter it, you would put it in the CCA section as Class 14.1. For the opening balance of undepreciated capital cost enter the value of the goodwill of your business. For the proceeds of disposition enter the value of the sale of your goodwill.
ā€ˇFebruary 25, 2024
12:45 PM