topic For t2 using turbo tax, where do i input percentage of use for business vehicle (cca)? in Self-employed https://turbotax.community.intuit.ca/community/self-employed/discussion/for-t2-using-turbo-tax-where-do-i-input-percentage-of-use-for-business-vehicle-cca/01/948876#M7467 Thu, 31 Oct 2019 13:23:41 GMT mike-lesyk 2019-10-31T13:23:41Z For t2 using turbo tax, where do i input percentage of use for business vehicle (cca)? https://turbotax.community.intuit.ca/community/self-employed/discussion/for-t2-using-turbo-tax-where-do-i-input-percentage-of-use-for-business-vehicle-cca/01/948876#M7467 Thu, 31 Oct 2019 13:23:41 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/for-t2-using-turbo-tax-where-do-i-input-percentage-of-use-for-business-vehicle-cca/01/948876#M7467 mike-lesyk 2019-10-31T13:23:41Z Thank you for using Intuit TurboTax AnswerXchange Corpora... https://turbotax.community.intuit.ca/community/self-employed/discussion/thank-you-for-using-intuit-turbotax-answerxchange-corpora/01/948877#M7468 <P>Thank you for using Intuit TurboTax AnswerXchange</P><P>Corporate assets are entered on CCA Details to appear on schedule 8 of the T2. 100% of the value of the asset owned by the corporation is entered. It must be remembered that assets owned by the corporation are distinguished from those owned by a shareholder or employee of the corporation. So only the value of the asset owned by the corporation and to be used for CCA purposes should be entered.</P><P>For specific scenarios or situations you can consult the Canada Revenue Agency by phone or using their website, unless others want to add here.</P><P>Hope this helps</P> Thu, 31 Oct 2019 13:23:43 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/thank-you-for-using-intuit-turbotax-answerxchange-corpora/01/948877#M7468 TurboTax-Duncan 2019-10-31T13:23:43Z
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topic For t2 using turbo tax, where do i input percentage of use for business vehicle (cca)? in Self-employed
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For t2 using turbo tax, where do i input percentage of use for business vehicle (cca)?
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Thank you for using Intuit TurboTax AnswerXchange Corpora...
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<P>Thank you for using Intuit TurboTax AnswerXchange</P><P>Corporate assets are entered on CCA Details to appear on schedule 8 of the T2. 100% of the value of the asset owned by the corporation is entered. It must be remembered that assets owned by the corporation are distinguished from those owned by a shareholder or employee of the corporation. So only the value of the asset owned by the corporation and to be used for CCA purposes should be entered.</P><P>For specific scenarios or situations you can consult the Canada Revenue Agency by phone or using their website, unless others want to add here.</P><P>Hope this helps</P>
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