ReFile for one couple only

I would not think there is any necessity to refile both returns UNLESS the changes on one spouse's return affect the other's - I'm thinking transfers between spouses (age amount, disability, etc.).  No use in confusing CRA.

Thanks very much Jr.

Cheers,

HB

Hi Jr,

How do I calculate vehicle cost previous year and UCC beginning of the year for a used car? I have a Uber driver who is using 2014 Toyota Prius the business.

Thanks very much JR.

HB

This is the type of issue that has us wishing the client would see us BEFORE starting on the enterprise so we can get him/her straightened up & facing forward.  My assumption is that your client has owned his Toyota for some years but began using it for business in 2021.  The simplest way to get a "ballpark' figure for the value of the vehicle is to google it and see what comes up.  There's something called Kelley Blue Book which will give values once the postal code is known.  I'm also seeing Edmunds which gives the value as anywhere between $8,47 - $17,667 depending on exact model, mileage, condition, etc.  Obviously the value is going to be for April, 2022, but at least it gives you a starting point.

Hope this helps.

Jo Ruelle

Thanks a million Jo!

Really appreciate your help and kindness. Can I please buy you a lunch? I am in Vancouver, but if you else where, I can get it delivered as well. Please let me know Jo.

Hardeep

Hardeep - what a nice thought!!  I'm in Calgary, however.  Actually, I enjoy trying to help others as I have been helped so often in my career.

Jo

Stay blessed always!