How to claim microfit program income and who can c...

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How to claim microfit program income and who can claim it, and how to calculate depreciation

 
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How to claim microfit program income and who can claim it, and how to calculate depreciation

In effect you have a small business.  In TurboTax you would select "Income > Self-Employed" and complete the interview.  If you are using the TurboTax Desktop you may use the EasyStep interview or use the form T2125 Statement of Business or Professional Activities, see: http://www.cra-arc.gc.ca/E/pbg/tf/t2125/README.html

CCA  cannot be used to create or increase a loss from a renewable energy property. There are some exceptions to this rule and they can be found in Section 8 of the following CRA document.

https://www.canada.ca/en/revenue-agency/services/tax/businesses/other-topics-businesses/ontario-s-fi...

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