I am trying to complete DPA sections of T2125 and TP-80 & TP-130. I bought items in 2024 (before and after 2024-04-15) which are in category 50.
There is a new rule (translated from IN-155 - French version). I am using the desktop version of TurboImpot 2024 for Quebec. I am trying to find where to enter all of this.
6.23.8 Accelerated investment incentive applicable to assets in categories 44, 46 and 50 (100% rate)
Class 44, 46 and 50 assets acquired after April 15, 2024 before January 1, 2027 may qualify for Accelerated investment incentive qualify for accelerated capital cost allowance at a rate of 100 %. The depreciation rates normally applicable to are 25%, 30% and 55% respectively, 30% and 55% respectively. Accelerated capital cost allowance is granted only for the first year in which an asset is ready for ready for use.
An asset that becomes available for use in 2027 will continue to be eligible for the accelerated CCA incentive.
continue to qualify for the accelerated investment incentive.
Translated with DeepL.com (free version)
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