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.
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.
Sign In
Canada (English)
EN
