T3
308 Vehicle expenses
My client has a class 10.1 vehicle he/she disposed of in 2007, the program does not apply the half-year rule on sale, why is that?The program erroneously takes into account the proceeds in the calculation of the CCA whereas it should take 50% of the normal CCA had the taxpayer still owned the vehicle at the end of the year. As a workaround, enter the correct amount using the keyword CCA-OV in the Vehicle-Exp keyword group. |