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Self-employed
If you are going through Easy Step mode.
- Go to business profile, Work your way through expenses.
- You will reach the "Fixed Assets" section (Screenshot attached)
- You will have options there, since the tools are not new, you can select "I have balances (undepreciated capital costs) from previous years for which I could calculate CCA."
- Continue browsing through interview till you reach "T2125 Opening Balances for CCA (Other)" page
- You can select a CCA Class in which your tools fall in, and enter the value of your tools/equipment there. The tools will be depreciated at the CCA rate relating to the class.
‎October 30, 2019
4:22 PM