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B Stride
Returning Member

Vehicle Disposition - cra netfile question (self-employment income represent taxable portion of gains on disposition...)

I am self-employed currently, but have transitioned to fully online work. So I am no longer using my vehicle for business purposes. It is being used only for my personal use now.

 

Since I am not selling/trading it in, I was told to use the opening UCC from my CCA for the proceeds of disposition (which will have no capital loss/gain outcome) hence, not effecting any of my deductions.

 

 So what would be the answer for the CRA question below when I try to netfile? as technically there will have been no loss/gain

**Income:

Enter the self-employment income that doesn't qualify a earned income for RRSP purposes. The following, if applicable, will not be included in your RRSP deduction limit.

Net self-employment income that represent the taxable portion of gains on the disposition of eligible capital property from a business you carried alone or as an active partner.

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Vehicle Disposition - cra netfile question (self-employment income represent taxable portion of gains on disposition...)

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