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Naseem
Level 3
posted
‎July 05, 2022 06:53 PM
last updated ‎July 05, 2022 6:53 PM

In case we may not want to claim CCA

In case, one may not want to claim CCA due to heavy losses in a Corporation, how can he/she stop CCA calculation in schedule 8 of T2 return ?  

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Best answer August 11, 2022
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dlarryhancock
Level 4
‎August 11, 2022 11:51 AM

In case we may not want to claim CCA

Go to schedule 8

Double click on the asset class that you are concerned about

Go down to line 17 and type a zero into the cell, rather than the amount that the software has calculated

You are just overriding the amount with a different amount

 

Larry Hancock CPA

 

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2 Comments 2
dlarryhancock
Level 4
‎August 11, 2022 11:51 AM

In case we may not want to claim CCA

Go to schedule 8

Double click on the asset class that you are concerned about

Go down to line 17 and type a zero into the cell, rather than the amount that the software has calculated

You are just overriding the amount with a different amount

 

Larry Hancock CPA

 

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Naseem
Level 3
‎August 12, 2022 10:07 AM

In case we may not want to claim CCA

Thank you very much Lary . It worked. Regards, 

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