I purchased a motor vehicle in 2023 that qualifies for DIEP. Total cost is $86,000 but Turbo Tax only allows me to expense $40,320 of CCA. Why not the full 100%?
How do I claim capital cost allowances with a co-owned rental property with my wife? Each claim 50% or will the program split the claim 50/50 automatically?
I am filing taxes as non-resident under Section 216. I paid tax on pension withdrawal, and have no net income from rental. By claiming CCA on rental, do I get a refund?
Where should I declare capital cost paid towards rental apartment ? Under self-employed or under rental ?
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