Nealem
New Member

Deductions & credits

I have tried both, originally using easy step and it put both the trade and purchase on the same line so I went to forms and assigned a new "row" for the 2021 truck. However this made no difference to the additions and dispositions line, they were on the same line. Revenue Canada is clear, they need to be recorded separately. I have had four phone calls into the help line.

Opening cca for 10.1 was $14119.35. The purchase allowable on new truck is $33900. Trade in value was $26000 however, according to revenue canada the amount to claim in dispositions in class 10.1 is " record the lesser of: the proceeds of disposition of property minus the related outlays and expenses and the capital cost of the vehicle" Since the only vehicle in class 10.1 is the trade in vehicle the amount would be $14119.35.

I feel like this is a glitch in this class for cca. 

Thanks for any help.