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posted Oct 7, 2024 8:01:47 PM

2023 Online T777 provincial error when reducing CCA

I am adding a Class 54 vehicle in my T777. The online SW goes and calculate maximum CCA based on 100% depreciation times business usage. It also calculates correct Fed and Prof refunds when doing so. I then go and override the CCA For the Year value to make it 75% depreciation, but only the Federal refund recalculates. How do I make the provincial calculation update based on my new CCA For the Year Value I entered?

 

Lastly how do I factor in my 7000 iZEV provincial incentive? It is supposed to be applied to the max/start CCA as follow: 61,000 + Fed + Prov tx - 7000. I see a box to include rebate no included in income is that where it goes and if so will it be correctly applied to the above formula?

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Moderator
Oct 10, 2024 7:03:01 AM

Please contact our phone support team at 1-888-829-8608 as they will be better able to assist you. They can look at the return with you to see what is going on.