Discuss
Discover
  • Community basics
    • Support
  • TurboTax™
    • TurboTax.ca
    Open TurboTax

    Why sign in to the Community?

    • Submit a question
    • Check your notifications
    or and start working on your taxes
    Close icon
    Do you have a TurboTax Online account?

    We'll help you get started or pick up where you left off.

    Yes No
    cancel
    Turn on suggestions
    Showing results for 
    Search instead for 
    Did you mean: 
    sachinahuja9
    New Member
    posted
    ‎October 26, 2022 3:01 PM
    last updated ‎October 26, 2022 3:01 PM

    For incorporation, if someone buy a old car e.g. model 2019 with a price of 25000 CAD. How the depreciation of the vehicle would be calculated for year 2022 tax return?

     
    0
    1
    33
    Reply
    1 Reply
    TurboTaxSusan
    Moderator
    Moderator
    ‎December 5, 2022 8:48 AM

    For incorporation, if someone buy a old car e.g. model 2019 with a price of 25000 CAD. How the depreciation of the vehicle would be calculated for year 2022 tax return?

    If you need assistance with TurboTax Business Incorporated or preparing your incorporated business tax return (T2), you can visit the Intuit Profile support site.

    0
    6
    Reply

    About Community

    Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

    3.49m
    Members

    2.62m
    Discussions

    Quick links

    link icon First Time Here?
    link icon Community Do's & Don'ts
    link icon Ready to file your taxes?


    Meet your expertsAll Experts >
    TurboTaxGinette
    TurboTaxBrenda1
    TurboTaxSusan
    TurboTax Expert at Intuit Canada.
    TurboImpotLiseD
    TurboTaxKim
    v