I have small amount left in CCA class 10 for asset that is no longer in use, ie. scrapped. How do I take the remaining CCA? I ticked box,no assets in class,NIL proceeds.

[TurboTaxSusan · Accepted solution]

When you dispose of the last item in a CCA class, instead of getting CCA for the year, you’ll get the remaining UCC balance as either a terminal loss or a recapture. In your case you’ll probably get a terminal loss, which will be applied as an expense against your business income.