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darren 1
Level 1

designated immediate expensing property

Does anyone know if we can claim NO for the DIEP instead of yes on the CCA on new assets purchased in 2022 on the Farm form T2042

Solved
Best answer March 15, 2023

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janisbossenberry
Level 7

designated immediate expensing property

Yes, you can put NO.  CCA is a discretionary amount and you never have to claim the maximum amount available.

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1 Comment 1
janisbossenberry
Level 7

designated immediate expensing property

Yes, you can put NO.  CCA is a discretionary amount and you never have to claim the maximum amount available.