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MichaelWoods
Level 1
posted
‎March 20, 2024 12:04 PM
last updated ‎March 20, 2024 12:04 PM

DIEP / AIIP regarding CCA on a business vehicle for sole proprietorship

I have a question re the DIEP / AIIP regarding CCA on a business vehicle for sole proprietorship
 
I have a new client,  he has given me his last years tax return where the accounting firm had used AIIP to depreciate his vehicle (100 percent use for business T2125) 
 
He has disposed of his vehicle in 2023,  and has purchased a used one in 2023 to continue his business operations, but this newer will  also be used for personal use
 
when I enter the CCA for motor vehicles, after entering the cost of the new vehicle, Profile is automatically qualifying this for the DIEP expense.  my question..is this correct or should I be overriding this and only apply the AIIP.
 
Any feedback would be great
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