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Level 1
posted Jan 26, 2021 1:15:44 PM

BUG - Calcualting CCA for the year

Form 2125:  Current version, for 2020, is not calculating the yearly % correctly?

 

Example $1000 starting capital cost )Col 10), at 30% (Column 11), should be $300 (Column 12). TTax showing $32.05

 

Or is this being reduced by another factor ie. personal use, etc?

0 1 349
1 Replies
Level 1
Jan 27, 2021 11:25:18 AM

Solved?  This is a new company, formed in November. So CRA says CCA needs to be prorated for the partial year - hence the reduction. Does this change by CCA class?