DT Max - CCA / CEC

CCA / CEC

CCA-Class

DT Max will allow you to enter separate classes for all classes. All separate CCA-Class groups entered will be treated as separate CCA classes on schedule 8. Separate classes are allowed for property of the same class relating to separate businesses and for property of the same class which is held for different purposes i.e. earning income from business vs. earning income from property (see Fed Income Tax Reg. 1101).

Enter the amount of depreciation and amortization claimed on the books in the NetIncome group in the Depreciation keyword.

Enter disposals of property in the relevant CCA-Class group. DT Max will calculate any capital gains (and losses for land only) on schedule 6. Enter any gains (losses) recorded on the books in the NetIncome group in the Net-Inc-Add or Net-Inc-Ded keyword.

Federal accelerated investment incentive

In the 2018 Fall Economic Statement, the government introduced an accelerated investment incentive in the form of an enhanced allowance in the first year for capital property that is subject to CCA rules. The accelerated investment incentive will be available for eligible property acquired and available for use after November 20, 2018. These eligible properties will not be subject to the half-year rule and will be entitled to an increase in the capital cost allowance depending on the class.

Quebec accelerated depreciation of property

Quebec capital cost allowance will be harmonized with the measures announced by the federal government with respect to the above-mentioned accelerated depreciation.

In addition, the government of Quebec has announced that for qualified intellectual property (Classes 14, 14.1 and 44) and property composed of general-purpose electronic data processing equipment (Class 50) acquired after December 3, 2018, taxpayers may deduct the full cost of acquisition.

Revenu Québec document IN-191 (Capital cost allowance in respect of property acquired after November 20, 2018) contains instructions for calculating the following:

- capital cost allowance in respect of depreciable property acquired after November 20, 2018; and
- the temporary additional capital cost allowance for class 50 and 53 property acquired after November 20, 2018.

Click here if you wish to access the IN-191 document.

The following options are applicable for the keyword CCA-Class.

CEC (before 2017)/Class 14.1 - 5% (after 2016)

Enter cumulative eligible capital balances of separate businesses in separate CCA-Class groups. DT Max will print a separate Schedule 10 for each group and a summary where more than one schedule exists.

CEC farm/fish (before 2017)/Class 14.1 - 5% (after 2016)

Land - non depreciable property

Class 1 - 4% DB

Class 1 buildings with a cost exceeding $50,000 should be entered in separate classes.

Class 1 - 6% (after March 18, 2007)

Other non-residential buildings acquired by a taxpayer after March 18, 2007.
To be eligible for one of the additional allowances, a building will be required to be placed into a separate class. If the taxpayer forgoes the separate class, the current rate of 4% will apply.

Class 1 - 10%

Buildings or parts of a building that qualify as a new purpose-built residential rental will benefit from an accelerated CCA of 10%. To qualify, eligible purpose-built rental projects must begin construction on or after April 16, 2024 and before January 1, 2031, and available for use before January 1, 2036.
Eligible property would be new purpose-built rental housing that is a residential complex with at least four private apartment units, or 10 private rooms or suites, and in which at least 90% of the residential units are held for long-term rental. Projects that convert existing non-residential real estate, such as an office building, into a residential complex would be eligible if the conditions above are met. The renovations of existing residential complexes would not apply. However, the cost of a new addition to an existing structure would be eligible, provided that addition meets the conditions above.
The CCA rate for eligible non-residential buildings acquired after March 18, 2007, used for manufacturing or processing in Canada of goods for sale or lease will be increased to 10%.
To be eligible for one of the additional allowances, a building will be required to be placed into a separate class. If the taxpayer forgoes the separate class, the current rate of 4% will apply.
In order to be eligible for the 6% additional allowance, at least 90% of a building (measured by square footage) must be used for the designated purpose at the end of the tax year. Manufacturing and processing buildings that do not meet the 90% use test will be eligible for the additional 2% allowance if at least 90% of the building is used for non-residential purposes at the end of the tax year.

Class 1 - 10% (LNG after February 19, 2015)

Accelerated CCA for liquefied natural gas (LNG) after February 19, 2015 and before 2025.
Non-residential buildings at a facility that liquefies natural gas are eligible for a CCA rate of 4% plus the lesser of 6% and income from eligible liquefaction activities attributable to that facility

Class 2 - 6% DB

Class 2 property includes electrical generating equipment, pipelines, and plant and equipment used in the production or distribution of electrical energy or gas or in the distribution of water or heat.

Class 3 - 5% DB

Class 3 buildings acquired before 1988 with a cost exceeding $50,000 should be entered in separate classes.

Class 4 - 6% DB

Class 4 includes railway or trolley bus systems.

Class 5 - 10% DB

Class 5 includes pulp mills acquired before 1962.

Class 6 - 10% DB

Class 6 buildings with a cost exceeding $50,000 should be entered in separate classes.

Class 7 - 15% DB

Class 7 includes marine vessels such as canoes or rowboats.

Class 8 - 20% DB

Class 8 includes equipment, furniture, and other depreciable property not included in any other class.

Class 8 - 20% (Class 8.1 - 33 1/3%)

Includes a drawing, print, engraving, sculpture, painting or other work of art of same nature by a Canadian artist. The depreciation rate of works of art by a Canadian artist will be raised from 20% (formerly class 20) to 33 1/3% for Quebec purposes only. This change applies to works of art acquired after April 21, 2005.

Class 9 - 25% DB

Class 9 includes aircraft and pre-May 26, 1976 electrical generating and radio communications equipment.

Class 10 - 30% DB

Class 10 includes general-purpose electronic data processing equipment and systems software for that equipment, including ancillary data processing equipment.
Class 10 also includes motor vehicles, as well as some passenger vehicles. Include passenger vehicles in Class 10 unless they meet the Class 10.1 conditions.
Eligible zero-emission vehicles are now included in Class 54.

Class 10/12 (computers)

Class 10/12 (COMPUTERS) should be used for property which is included in class 10 for federal purposes and class 12 for Quebec only where the property is eligible for a 100% capital cost allowance rate.

Class 10.1 - 30% DB

A passenger vehicle can belong in either Class 10 or 10.1. To determine the class the passenger vehicle belongs in, you need to use the cost of the vehicle before you add the GST/HST or the PST.
Include the passenger vehicle in Class 10.1 if you bought it in 2023 and it cost more than $36,000. Include the passenger vehicle in Class 10.1 if you bought it in 2024 and it cost more than $37,000. List each Class 10.1 vehicle separately.
After 2000, the capital cost of a Class 10.1 vehicle is $30,000 before 2022, $34,000 in 2022, $36,000 in 2023 and $37,000 after 2023 plus the related GST/HST or PST. These amounts are the capital cost limits for a passenger vehicle.

Class 11 - 35% DB

Class 11 includes advertising signs and billboards which are used to earn rental income and were acquired before 1988.

Class 12 - 100% DB

Class 12 includes books, small tools (under $200 acquired before May 2, 2006, and under $500 acquired after May 1, 2006), certified feature films, most computer software, rental video cassettes and cash registers.

Class 13 - SL

Class 13 leasehold improvements are amortized on a straight-line basis over the number of years in the lease term. The minimum amortization period is 5 years and the maximum is 40 years. If the number of months entered for an addition in the Additions keyword is not within this range, DT Max will use the minimum or maximum allowed, as is applicable.
Separate classes are required for leasehold interests related to buildings erected on leased land.

Class 14 - SL

Class 14 includes patents, franchises, concessions or licences having a limited period.

Class 15 - SL (timber rate)

Class 15 woods assets are depreciated based on the number of cords or board feet cut in the taxation year compared to the undepreciated capital cost of the property. Enter the rate to be used in the Timber-Rate keyword in this group.

Class 16 - 40% DB

Class 16 includes taxicabs, rental cars, arcade games and pre-May 26/76 aircraft.

Class 17 - 8% DB

Class 17 includes telephone, telegraph and data communications switching equipment and roads, sidewalks, parking areas, storage areas and similar surface construction.

Class 18 - 60% DB

Class 18 includes pre-May 26/76 motion picture films.

Class 19 - 20% DB

Class 19 - 50% SL (up to UCC)

Class 19 includes property otherwise included in Class 8 which was acquired between June 14, 1963 and December 31, 1966. The CCA rate is 20% on a declining balance basis for non residents and 50% on a straight-line basis for Canadian-owned corporations.

Class 20 - 20% SL (up to UCC)

Class 20 includes certified class 1- or class 3-type buildings acquired between June 12, 1963 and March 31, 1967 or approved capital costs under the Area Development Incentives Act.

Class 21 - 50% SL (up to UCC)

Class 21 includes certified class 8- or class 19-type property acquired between June 12, 1963 and March 31, 1967 for use in a certified business or approved capital costs under the Area Development Incentives Act.

Class 22 - 50% DB

Class 22 includes pre-1988 power-operated movable equipment designed to excavate, move, place or compact earth, rock, concrete or asphalt.

Class 23 - 100% DB

Class 23 includes leasehold interests, licences and buildings on or with respect to the Montreal or Vancouver Expo sites.

Class 24 - 50% SL (up to UCC)

Class 24 includes pollution control equipment. The Ontario current cost adjustment is available for purchases of class 24 and 27 equipment made after May 17, 1989.

Class 25 - 100% DB

Class 25 includes pre-Oct.23/68 property acquired by Crown or municipally-owned corporations.

Class 26 - 5% DB

Class 26 includes catalysts and pre-May 22/79 deuterium-enriched water.

Class 27 - 50% SL (up to UCC)

Class 27 includes pollution control equipment. The Ontario current cost adjustment is available for purchases of Class 24 and 27 equipment made after May 17, 1989.

Class 28 - 30% DB

Class 28 includes pre-1988 mining equipment used for mine expansion and development.

Class 29 - 50% SL (up to UCC)

Class 29 includes pre-1988 manufacturing or processing equipment. Post-1988 equipment should be included in class 39 (pre-Feb.26/92) or class 43 (post-Feb.25/92).

Class 30 - 40% DB

Class 30 includes pre-1988 telecommunications satellites or spacecraft.
Satellite and cable set-top boxes that are acquired after March 4, 2010 and that have neither been used nor acquired for use before March 5, 2010 are eligible for a declining-balance-CCA rate of 40 per cent.

Class 31 - 5% DB

Class 32 - 10% DB

Class 31 and 32 pre-June 18/87 certified MURB buildings with a cost exceeding $50,000 should be entered in separate classes.

Class 33 - 15% DB

Class 33 includes timber resource property.

Class 34 - 50% SL (up to UCC)

Class 34 certified energy conservation or energy-efficient equipment.

Class 35 - 7% DB

Class 35 includes railway cars.

Class 36 - 0 CCA (ITA 13(5.2))

Class 36 contains property acquired by virtue of a lease option agreement at a price less than fair market value when lease rental payments were previously deducted on the property. The excess of the deemed adjusted cost base (see Fed ITA 13(5.2)) over the purchase price is deemed to be CCA which was previously claimed on the property.
No CCA can be claimed while the property is in Class 36 but recapture can occur on the property's disposal.

Class 37 - 15% DB

Class 37 includes amusement park land improvements, buildings and equipment.

Class 38 - 30% DB

Class 38 includes marine vessels and oil and gas exploration equipment that perform excavation functions.

Class 39 - 25% DB (as of 1991)

Class 39 includes manufacturing or processing equipment acquired after 1988 and before Feb.26/92. Use class 43 if the equipment was acquired after Feb.25/92.
The CCA for class 39 is 35% in 1989, 30% in 1990 and 25% after 1990. DT Max will calculate a prorated CCA rate when the corporation's taxation year straddles the date on which the rate changed.
The Ontario CCA is available for purchases of class 39 manufacturing & processing machinery and equipment made before January 1, 1992.

Class 39/12 (computer equipment)

Class 39/12 (COMPUTER EQUIP) should be used for property which is included in class 39 for federal purposes and class 12 for Quebec only where the property is eligible for a 100% capital cost allowance rate.

Class 40 - 30% DB

Class 40 includes 1988-1990 acquired powered industrial lift trucks, rental portable tools and general-purpose electronic data processing equipment used in the manufacturing and processing of goods.

Class 40/12 (machinery/equipment)

Class 40/12 (MACHINERY AND EQUIPMENT) should be used for property which is included in class 40 for federal purposes and class 12 for Quebec only where the property is eligible for a 100% capital cost allowance rate.

Class 41 - 25% DB

Class 41 includes pre-1987 mining operations-related machinery and equipment, gas or oil well equipment and heavy oil processing equipment.

Class 41.1 - 25% DB

Class 41.1 (25 per cent CCA rate) includes certain oil sands property (other than specified oil sands property) acquired after March 18, 2007.
These separate classes of properties remain eligible for the full accelerated CCA until 2010. Beginning in 2011, the accelerated CCA is phased out and the amount of the additional allowance will be reduced each year, regardless of whether the constraint is the level of project income or the amount of the undepreciated capital cost. The percentage allowed, as accelerated CCA, in each calendar year will be 90% in 2011, 80% in 2012, 60% in 2013 and 30% in 2014 of the amount otherwise allowable as accelerated CCA. No accelerated CCA will be allowed and only the regular 25 per cent CCA rate will apply for assets in this Class after 2014.

Class 41.2 - 25% DB

Class 41.2 (25 per cent CCA rate) includes property other than an oil sands property or eligible mine development property,
(a) that is acquired by a taxpayer after March 20, 2013 and before 2021 and that, if acquired on March 20, 2013, would be included in paragraph (a) or (a.1) of Class 41; or
(b) that is acquired by a taxpayer after 2020 and that, if acquired on March 20, 2013, would be included in paragraph (a) or (a.1) of Class 41.
These separate classes of properties remain eligible for the full accelerated CCA until 2016. Beginning with 2017, accelerated CCA is phased out and the amount of the additional allowance will be reduced each year, regardless of whether the constraint is the level of project income or the amount of the undepreciated capital cost. The percentage allowed, as accelerated CCA, in each calendar year will be 90% for 2017, 80% for 2018, 60% for 2019 and 30% for 2020 of the amount otherwise allowable as accelerated CCA. No accelerated CCA will be allowed and only the regular 25% CCA rate will apply for assets in this Class after 2020.
Eligible mine development property acquired after March 20, 2013 and before 2018 can be included in Class 41.

Class 42 - 12% DB

Class 42 includes fibre optic cables. This class also includes wire or cable used for telephone, telegraph or data communication for assets acquired on or after February 23, 2005.

Class 42/12 (optic fibre cables)

Class 42/12 (FIBRE OPTIC CABLES) should be used for property which is included in class 42 for federal purposes and class 12 for Quebec only where the property is eligible for a 100% capital cost allowance rate.

Class 43 - 30% DB

Class 43 includes manufacturing or processing equipment acquired after Feb.25/92.

Class 43.1 - 30% DB

Class 43.1 includes prescribed energy conservation property (CRCE). This class is broadened to include biogas production equipement and distribution equipment acquired on or after February 23, 2005.

Class 43.2 - 50% DB

Class 43.2 includes certain high-efficiency cogeneration systems and renewable energy generation equipment acquired on or after February 23, 2005, and before 2012. This accelerated CCA rate will also apply to biogas production equipment and distribution equipment used in district energy systems that rely on efficient cogeneration, acquired on or after February 23, 2005, and before 2012.

Class 43/12 (machinery/equipment)

Class 43/12 (MACHINERY AND EQUIPMENT) should be used for property which is included in class 43 for federal purposes and class 12 for Quebec only where the property is eligible for a 100% capital cost allowance rate.

Class 44 - 25% DB

Class 44 includes patents and rights to use patented information.

Class 44/12 (patents)

Class 44/12 (PATENTS) should be used for property which is included in class 44 for federal purposes and class 12 for Quebec only where the property is eligible for a 100% capital cost allowance rate.

Class 45 - 45% DB

Class 45 includes general-purpose electronic data processing equipment and certain ancillary property acquired after March 22, 2004, other than property that is acquired before 2005 in respect of which a taxpayer elects to have the property included in a separated Class 10.

Class 46 - 30% DB

Class 46 includes data network infrastructure equipment and systems software for that equipment acquired after March 22, 2004 that would otherwise be included in Class 8 because of the default provision in paragraph (i) of that Class. For details on the definition of "data network infrastructure equipment", see the note accompanying that new definition in amended subsection 1104(2) of the Regulations.

Class 47 - 8% DB

Class 47 includes transmission and distribution equipment and structures (excluding buildings) of a distributor of electrical energy acquired on or after February 23, 2005.

Class 47 - 30% (LNG after February 19, 2015)

Accelerated CCA for liquefied natural gas (LNG) after February 19, 2015 and before 2025.
Eligible property used for the liquefaction of natural gas are eligible for a CCA rate of 8% plus the lesser of 22% and income from eligible liquefaction activities attributable to that facility.

Class 48 - 15% DB

Class 48 includes combustion turbines that generate electricity (including associated burners and compressors) for property acquired on or after February 23, 2005. A separate class election (presently available for such equipment eligible for the 8% rate) is eliminated for equipment eligible for the 15% CCA rate (class 48).

Class 49 - 8% DB

Class 49 includes transmission pipelines for petroleum, natural gas, or related hydrocarbons, including control and monitoring devices, valves, and other ancillary equipment. The 8% CCA rate for transmission pipelines will apply to equipment acquired on or after February 23, 2005. A separate class election is generally available for eligible equipment acquired on or after February 23, 2005.

Class 50 - 55% DB

Class 50 increases the CCA rate for computer equipment, of a type that is currently described in Class 45 at a rate of 45%, to a rate of 55%. The CCA rate of 55% will apply to assets acquired on or after March 19, 2007.

Class 51 - 6% DB

Natural gas distribution pipelines acquired after March 18, 2007. Natural gas distribution pipelines are pipelines through which natural gas is carried from transmission pipelines to consumers. They include both distribution mains, which run to the edge of a customer's property, and service lines, which run from the edge of the customer's property to the house or building.

Class 52 - 100% DB

For eligible new computers and system software used in Canada, acquired after January 27, 2009 and before February 2011, a CCA rate of 100% applies, with no half-year rule.

Class 53 - 50% DB (after 2015)

Class 53 includes machinery and equipment used in Canadian manufacturing acquired after 2015 and before 2026.

Class 54 - 30% DB (after March 18, 2019)

Zero-emission passenger vehicles acquired after March 18, 2019, and before 2028, that would otherwise be included in Class 10 or Class 10.1, are allowed an enhanced deduction in first year the vehicle becomes available for use. There a limitation of $55,000 (plus sales taxes that are not rebated) on the amount of CCA deductible.

Class 55 - 40% DB (after March 18, 2019)

Zero-emission vehicles acquired after March 18, 2019, and before 2028, that would otherwise be included in Class 16, are allowed an enhanced deduction in first year the vehicle becomes available for use.

Class 56 - 30% DB (after March 1, 2020)

Zero-emission vehicles acquired after March 1, 2020 and before 2028, that do not benefit from the accelerated rate provided by classes 54 and 55. This would include zero-emission off-road automotive vehicles and equipment.

Class 57 - 8% DB (after December 31, 2021)

Class 58 - 20% DB (after December 31, 2021)

Class 59 - 100% DB (after December 31, 2021)

Class 60 - 30% DB (after December 31, 2021)

DIEP-Asset

Use the keyword DIEP-Asset to indicate whether or not the information entered in this class pertains to a car that is designated immediate expensing property (DIEP).

The following options are applicable for the keyword DIEP-Asset.

UCCOpen

This is the opening undepreciated capital cost or cumulative eligible capital. The amount entered will appear on schedule 8.

Use [Alt-J] to enter different values for other jurisdictions.

Descript-UCC

Enter the description of the assets entered in this CCA-CLASS group to be printed on schedule 8 and schedule 10.

LNG-Income

Use the keyword LNG-Income to enter the income for the year from liquefaction of natural gas activities in respect to the facility before making any deduction under this subsection for the year.

Mine-Income

Use the keyword Mine-Income to enter the income for the year from the mine before making any deduction under paragraph (x), (y), (y.1), (ya) or (ya.1), section 65, 66, 66.1, 66.2 or 66.7 of the Act or section 29 of the Income Tax Application Rules.

ACB-Info

Use ACB-Info to keep a database of the adjusted cost base of the asset(s) in this class.

When assets are disposed, if the class is liquidated, the total ACB amounts entered will be used to calculate recapture or terminal loss. Use [Alt-J] to enter different values for other jurisdictions.

ACB-Car

The ACB-Car of an automobile in Class 10.1 can only be entered once since separate classes are required for each Class 10.1 automobile. Use [Alt-J] to enter different values for other jurisdictions.

Disposal

Use the keyword Disposal to enter the description of the asset disposed of in the year. This keyword will open the group of keywords necessary to enter all data relevant to dispositions.

Proceeds.cc

Enter the gain (loss) on disposal of the property recorded in the partnership's financial statements in the Net-Inc-Add or Net-Inc-Ded keyword of the NetIncome group. DT Max will adjust net income on schedule 1 for the book gain (loss).

Use [Alt-J] to enter different values for other jurisdictions.

DIEP-Proceed

Use the keyword DIEP-Proceed to enter the gross proceeds from the disposition of the designated immediate expensing property (DIEP). This refers to the portion of the gross proceeds from disposition entered within keyword Proceeds.cc that relates to the DIEP asset acquired in the current year.

The following options are applicable for the keyword DIEP-Proceed.

Use [Alt-J] to enter different values for other jurisdictions.

ACB-Disp

If an ACB database was not entered for this class by using the ACB-Info keyword, use ACB-Disp to indicate the adjusted cost base of asset(s) disposed of.

If assets remain in the class and an ACB database was entered, ACB-Disp must be entered to indicate the adjusted cost base of the asset(s) disposed of. Next year, adjust the ACB database by removing asset(s) no longer in the class. Use [Alt-J] to enter different values for other jurisdictions.

Expense-Disp

Use Expense-Disp to enter expenses associated with the disposition of assets entered in this class. The amount entered will be deducted from the proceeds of disposition for this disposal on schedule 8, to determine the amount of the CCA class reduction, and schedule 6, to determine the gain (depreciable property and land) or loss (land only), schedules. Use [Alt-J] to enter different values for other jurisdictions.

Date-Acq.cca

Use the keyword Date-Acq.cca to enter the date the asset was acquired.

Date-Disp.cca

Use the keyword Date-Disp.cca to enter the date of disposition.

NAL-Disp

Use the keyword NAL-Disp to indicate if this is a non-arm's length disposition.

The following options are applicable for the keyword NAL-Disp.

GainOV.CCA

GainOV.CCA will override the calculated gain on the property disposed of. Enter the gain (loss) on disposal of the property recorded in the partnership's financial statements in the Net-Inc-Add or Net-Inc-Ded keyword of the NetIncome group. DT Max will adjust net income on schedule 1 for the book gain (loss). Use [Alt-J] to enter different values for other jurisdictions.

Disposal.cec

Use the keyword Disposal.cec to choose if an election under subsection 14(1.01) or (1.02) is being used. This keyword will open the group of keywords necessary to enter all data relevant to dispositions.

The following options are applicable for the keyword Disposal.cec.

No subsection 14(1.01) or (1.02) election

Subsection 14(1.01)

Subsection 14(1.02) property acquired pre 1972

Capital gain

The gain from from disposal of eligible capital property will be treated as a capital gain.

Business income option (Disposition before Jan. 1, 2017)

The partnership has elected under subsection 13(38) to treat the gain from the disposal of eligible capital property as business income.
This option is only available if the tax year straddles January 1, 2017 and the disposition is before January 1,2017. The election must be made in writing to the Minister before the filing due date.

Description.cec

Description of eligible capital property disposed of in the fiscal period.

PropertyType

PropertyType must be entered if the disposition involves incorporeal capital property, other than goodwill, for which a partner is authorized to elect to report a capital gain. The property disposed of must be classified on TP-600 Schedule C.

The following options are applicable for the keyword PropertyType.

Trademarks

List of customers

Patents, franchises, concessions, licences, etc.

Date-Acquired.cca

Use the keyword Date-Acq.cca to enter the date the asset was acquired.

Proceeds.cec

Enter the proceeds of the dispostion of eligible capital property. Use [Alt-J] to enter different values for other jurisdictions.

ACB-Disp.cec

Use the keyword ACB-Disp.cec to enter the ACB of the eligible capital propery disposed of. This information is only required when a subsection 14(1.01) or (1.02) election is used to treat the disposition as a capital gain. Note that this election is not available when disposing of goodwill. Use [Alt-J] to enter different values for other jurisdictions.

Expense-Disp.cec

Use Expense-Disp.cec to enter expenses associated with the disposition of eligible capital property. The amount entered will be deducted from the proceeds of disposition for this disposal. Use [Alt-J] to enter different values for other jurisdictions.

Date-Disp.cec

Use the keyword Date-Disp.cec to enter the date of disposition.

GainOV.cec

GainOV.CCA will override the calculated gain on the property disposed of.

IncomeOV

Use the keyword IncomeOV to enter the amount of business income from the disposition of eligible capital property. Use [Alt-J] to enter different values for other jurisdictions.

Asset-Description

When there is a disposition of this vehicle, the information entered in the keyword Asset-Description and in the keyword Disposal must match exactly.

ACB-Info.c

Both the original cost (before sales tax) and the prescribed limit are required to calculate the adjustment of proceeds when the cost exceeds the allowed cost. For a zero emission passenger vehicle the prescribed limit is $61,000 after 2022, $59,000 in 2022 and $55,000 before 2022, plus sales taxes payable on the amount. For a Class 10.1 vehicle the prescribed limit is $36,000 after 2022, $34,000 in 2022 and $30,000 before 2022, plus sales taxes payable on the amount.

The following options are applicable for the keyword ACB-Info.c.

Original cost

This is the original cost before sales tax.

Prescribed limit including sales tax minus rebate

This is amount used for CCA purposes subject to a limitation of the prescribed amount ($55,000) plus sales tax payable on that amount.

Use [Alt-J] to enter different values for other jurisdictions.

Liquidate

Specify whether you have liquidated the class with the keyword Liquidate and enter the net proceeds.

The following options are applicable for the keyword Liquidate.

AddressDescript

Use the keyword AddressDescript to enter the address or legal description of property.

More-Info

Use the keyword More-Info to enter additional address information. This will be line two of the address.

City.e

Use the keyword City.e to enter the city name. DT Max will not check the spelling of the city name.

Province.e

Use the keyword Province.e to select the province.

The following options are applicable for the keyword Province.e.

Newfoundland and Labrador

Prince Edward Island

Nova Scotia

New Brunswick

Quebec

Ontario

Manitoba

Saskatchewan

Alberta

British Columbia

Yukon

Northwest Territories

Nunavut

State.e

Use the keyword State.e to select the state.

Country.e

Use the keyword Country.e to select the country.

PostCode.e

Use the keyword PostCode.e to enter the postal code. DT Max will make sure that it is in the correct format and will always enter the alphabetic portions in upper case.

ZIPCode.e

Use the keyword ZIPCode.e to enter the zip code.

For-Post.e

Use the keyword For-Post.e to enter the foreign postal code.

ITC-Code

Use ITC-Code to indicate that an ITC is to be claimed on any current year addition(s) to this class and DT Max will automatically calculate the ITC on schedule 31.

Qualifying property is property acquired primarily for use in Newfoundland and Labrador, Prince Edward Island, Nova Scotia, New Brunswick, the Gaspé Peninsula, or a prescribed offshore region.

The following options are applicable for the keyword ITC-Code.

Qualified property after 1994

For qualified property acquired after 1994, the rate at which the ITC is calculated is 10%.

3B - not CCPC (area in Canada after 1995)

For qualified SR&ED expenditures incurred after 1994, Code 3B has been eliminated except if the expenditures were incurred by virtue of a written agreement entered into before Feb.22/94. These expenditures will still qualify for an ITC under Codes 4B or 11B (for CCPC's only) up to 1995. Effective after 1995, Code 3B includes any area in Canada.

11B - CCPC

For SR&ED expenditures entered in Code 11B (for CCPC's only), DT Max will limit the amount of expenditures claimed on the corporation's expenditure limit and any excess will be allocated to Code 4B.

ITC-Addition

Use ITC-Addition to enter current year additions to this CCA class which qualify for an ITC of the type entered in ITC-Code. Enter non qualifying ITC additions in the Additions keyword. For memo purposes only. Use [Alt-J] to enter different values for other jurisdictions.

ITC-Addition-AIIP

Use ITC-Addition-AIIP to enter current year accelerated investment incentive property additions to this CCA class which qualify for an ITC of the type entered in ITC-Code. Enter accelerated investment incentive property additions that are not qualifying for ITC in the Additions-AIIP keyword. Use [Alt-J] to enter different values for other jurisdictions.

ITC-Addition-DIEP

Use ITC-Addition-DIEP to enter current year designated immediate expensing property additions to this CCA class which qualify for an ITC of the type entered in ITC-Code. Enter designated immediate expensing property additions that are not qualifying for ITC in the Additions-DIEP keyword. Use [Alt-J] to enter different values for other jurisdictions.

Additions

Enter any current year additions to this CCA class, indicated in the CCA-Class keyword, in the Additions keyword. The description entered here will also print on schedule 8 in its details of adjustments, additions and disposals during the year section.

If the addition is not subject to the half-year CCA rule, choose "NO" in the HalfYr-CCA keyword in this group. Use [Alt-J] to enter different values for other jurisdictions.

Additions-AIIP

Under the Accelerated Investment Incentive, capital investments will generally be eligible for a first-year deduction for depreciation equal to up to three times the amount that would otherwise apply in the year an asset is put in use. Tripling the current first-year rate will allow businesses to recover the initial cost of their investment more quickly. The Accelerated Investment Incentive will apply to all tangible capital assets, including long-lived investments like buildings. The Accelerated Investment Incentive will also apply to intangible capital assets, such as patents and other intellectual property.

The Accelerated Investment Incentive will effectively suspend the half-year rule (and equivalent rules for Canadian vessels and Class 13 property) in respect of eligible property. The allowance will then generally be calculated by applying the prescribed CCA rate for a class to one-and-a-half times the net addition to the class for the year. As a result, property currently subject to the half-year rule will, in essence, qualify for an enhanced CCA equal to three times the normal first-year allowance and property not currently subject to the half-year rule will qualify for an enhanced CCA equal to one-and-a-half times the normal first year allowance.

For example, prior to the introduction of the Accelerated Investment Incentive, a property in Class 8, which has a prescribed rate of 20 per cent, would be eligible for CCA of 10 per cent of the cost of the property in the year it becomes available for use, due to the half-year rule. Under the Accelerated Investment Incentive, the taxpayer will be eligible for CCA of 30 per cent of the cost of the property that is one-and-a-half times the CCA calculated using the prescribed rate of 20 per cent or three times the 10-per-cent CCA that could otherwise be claimed in the first year.

The Income Tax Act and the Income Tax Regulations include a series of rules designed to protect the integrity of the CCA regime and the tax system more broadly. These include rules related to limited partners, specified leasing properties, specified energy properties and rental properties. In certain circumstances, these rules can restrict a CCA deduction, or a loss in respect of such a deduction, that would otherwise be available. These integrity rules will continue to apply.

Certain additional restrictions will be placed on property that is eligible for the Accelerated Investment Incentive. Property that has been used, or acquired for use, for any purpose before it is acquired by the taxpayer will be eligible for the Accelerated Investment Incentive only if both of the following conditions are met:

neither the taxpayer nor a non-arm’s-length person previously owned the property; and
the property has not been transferred to the taxpayer on a tax-deferred "rollover" basis.

The Accelerated Investment Incentive will apply to qualifying assets acquired after November 20, 2018. It will be gradually phased out starting in 2024, and no longer in effect for investments put in use after 2027.

Enter any current year accelerated investment incentive property (AIIP) additions to this CCA class in the Additions-AIIP keyword. Use [Alt-J] to enter different values for other jurisdictions.

Additions-DIEP

Use the keyword Additions-DIEP to enter the addition of designated immediate expensing property (DIEP). Immediate expensing is available to partnerships consisting of only individuals for property acquired after December 31, 2021 and becomes available for use before January 1, 2025 (2024 for partnerships that include CCPCs).

A property can only qualify as DIEP in the year in which it becomes available for use. See subsection 1104(3.1) of the Regulations for more information. Use [Alt-J] to enter different values for other jurisdictions.

DateAcquired.c

Use the keyword DateAcquired.c to enter the acquistion date of zero-emission car that would otherwise be included in Class 10 or Class 10.1.

Date-In-Use.c

Use the keyword Date-In-Use.c to indicate the date the property became available for use. This date is used for AIIP additions after 2023 to determine the relevant factor for purposes of federal Schedule 8 and Quebec Schedule B.

This date is also used for DIEP additions for purposes of Quebec form CO-130.AD.

Addition-AIIP.c

Use the keyword Addition-AIIP.c to enter an addition of a zero-emission passenger vehicle that would otherwise be included in Class 10 or Class 10.1. Enter the original cost of the car excluding GST, PST and HST. For example, if the car cost $70,000 plus $10,500 HST, $70,000 should be entered for the keyword Addition-AIIP.c. The amount of GST, PST or HST paid on the allowable cost (up to a maximum of $61,000 after 2022, $59,000 in 2022, $55,000 if in 2021 or before) should be entered in the keyword GSTPSTCost.c .

Zero-emission cars acquired after March 19, 2019 and before 2028 are able to claim an enhanced allowance in the first year the car becomes available for use.

Rates for the First-Year Enhanced Allowance

Year Acquired First-Year Allowance

March 19, 2019 - 2023 incl. 100%

2024 - 2025 75%

2026 - 2027 55%

Use [Alt-J] to enter different values for other jurisdictions.

Addition-DIEP.c

Use the keyword Addition-DIEP.c to enter an addition of a zero-emission passenger vehicle that would otherwise be included in Class 10 or Class 10.1. Enter the original cost of the car excluding GST, PST and HST. For example, if the car cost $70,000 plus $10,500 HST, $70,000 should be entered for the keyword Addition-DIEP.c . The amount of GST, PST or HST paid on the allowable cost (up to a maximum of $61,000 after 2022, $59,000 in 2022, $55,000 if in 2021 or before) should be entered in the keyword GSTPSTCost.c .

Partnerships consisting of individuals only may claim immediate expensing on zero emission vehicles acquired after December 31, 2021 and becomes available for use 2025 (2024 for partnerships that include CCPCs or partnerships). The immediate expensing would only be available for the year in which the property becomes available for use. There is a $1.5 million annual limit which is shared among associated members of a group of CCPCs, individuals and partnerships. The limit is prorated for taxation years that are shorter than 365 days. The half-year rule is suspended for property for which this measure is used. Use [Alt-J] to enter different values for other jurisdictions.

GSTPSTCost.c

Use the keyword GSTPSTCost.c to enter the GST, PST or HST on the cost of the car, up to the prescribed amount of $61,000 after 2022, $59,000 in 2022, $55,000 if in 2021 or before. Enter the lesser of the taxes paid on the purchase of the car and the taxes payable on the prescribed amount of $61,000 after 2022, $59,000 in 2022, $55,000 if in 2021 or before.

Use the keyword GSTPSTRebate.c to enter the amount of the GST, PST or HST rebate claimed on the car up to the prescribed amount of $61,000 after 2022, $59,000 in 2022, $55,000 if in 2021 or before.

GSTPSTRebate.c

The GST, PST or HST rebate on this addition will be deducted from its cost on Schedule 8.

Portion-AIIP-QC

For Quebec purposes, enhancement of the harmonized accelerated investment incentive allows for the immediate full expensing of the cost of qualified intellectual property and general-purpose electronic data processing equipment where the property is acquired after December 3, 2018 and becomes available for use before 2024.

For Classes 14.1, 44 and 50, use the keyword Portion-AIIP-QC to enter the Quebec portion of the accelerated investment incentive property additions that have been entered with the keywords Additions-AIIP and/or ITC-Addition-AIIP that is qualified intellectual property and general-purpose electronic data processing equipment allowing for the full cost of the property to be deductible in the year it is available for use.

Asset-Code

Use the keyword Asset-Code to indicate the type of asset code pertaining to the Additions or ITC-Addition keywords.

The following options are applicable for the keyword Asset-Code.

01 Cogeneration systems

02 Waste-fuelled electrical generation equipment

03 Thermal waste electrical generation equipment

04 Wind energy conversion systems

05 Small-scale hydro-electric installations

06 Fuel cell equipment

07 Photovoltaic equipment

08 Wave-current, tidal or wave energy equipment

09 Geothermal electrical generation equipment

10 Active solar heating equipment

11 Ground source heat pump systems

12 District energy equipment

13 Waste-fuelled thermal energy equipment

14 Heat recovery equipment

15 Landfill gas/digester gas collection equipment

16 Liquid biofuel production systems

17 Biogas production systems

18 Enhanced combined cycle systems

19 Expansion engine systems

20 Producer gas generating equipment

21 Electric vehicle charging stations

22 Electrical energy storage

25 Pumped hydroelectric energy storage

26 Solid biofuel production systems

27 Equipment to prod. hydrogen by electrolysis of water

28 Hydrogen refuelling equipment

29 Air-source heat pump systems

Province.a

Use the keyword Province.a to indicate the province where the asset is located pertaining to the Additions or ITC-Addition keywords.

The following options are applicable for the keyword Province.a.

Federal

Newfoundland and Labrador

Newf. and Labrador - offshore

Prince Edward Island

Nova Scotia

Nova Scotia - offshore

New Brunswick

Quebec

Ontario

Manitoba

Saskatchewan

Alberta

British Columbia

Yukon

Northwest Territories

Nunavut

Other (specify)

Asset-Alloc%

Use the keyword Asset-Alloc% to indicate the percentage allocated to the asset pertaining to the Additions or ITC-Addition keywords.

Addition-Car

The addition of an automobile to class 10.1 can only be entered once since separate classes are required for class 10.1 property.

Enter the cost of the car excluding GST, PST and HST. The amount of GST, PST or HST paid on the cost should be entered in the keyword GSTPSTCost ($37,000 after 2023, $36,000 in 2023, $34,000 in 2022, $30,000 if in 2021 or before). Use [Alt-J] to enter different values for other jurisdictions.

Addition-Car-AIIP

The accelerated investment incentive property (AIIP) addition of an automobile to Class 10.1 can only be entered once since separate classes are required for Class 10.1 property.

Addition-Car-DIEP

The immediate expensing property (DIEP) addition of an automobile to Class 10.1 can only be entered once since separate classes are required for Class 10.1 property.

Enter the cost of the car excluding GST, PST and HST. The amount of GST, PST or HST paid on the cost should be entered in the keyword GSTPSTCost ($37 000 $ after 2023, $36,000 2022, $34,000 in 2022, $30,000 if in 2021 or before).

Immediate expensing is available for "eligible property" acquired by a partnership consisting of only individuals for property acquired after December 31, 2021 and becomes available for use before January 1, 2025 (2024 for partnerships that include CCPCs). The immediate expensing would only be available for the year in which the property becomes available for use. There is a $1.5 million limit which is shared among associated members of a group of CCPCs, individuals and partnerships. The limit is prorated for taxation years that are shorter than 365 days. The half-year rule is suspended for property for which this measure is used. Use [Alt-J] to enter different values for other jurisdictions.

Additions-Yr

For Classes 13 and 14, DT Max will calculate capital cost allowance based on the number of 12 month periods remaining in the lease term (Class 13) or useful life of the asset (Class 14), including this fiscal year, for the additions entered. Next year, the capital cost allowance calculated will be carried forward into the Annual-CCA keyword in this group.

For Class 13 the minimum amortization period is 5 years and the maximum is 40 years. If the number of months entered for an addition in the Additions keyword is not within this range, DT Max will use the minimum or maximum allowed.

If adjustments to the capital cost of the addition are required such as for GST or PST rebates, enter the net amount, after adjustments, in the Additions keyword here. Use [Alt-J] to enter different values for other jurisdictions.

Additions-Yr-AIIP

For Class 13, DT Max will calculate capital cost allowance based on the number of 12-month periods remaining in the lease term, including this taxation year, for the additions entered. Next year, the capital cost allowance calculated will be carried forward into the Annual-CCA.n keyword in this group.

For Class 13, the minimum amortization period is 5 years and the maximum is 40 years. If the number of months entered for an addition is not within this range, DT Max will use the minimum or maximum allowed. Use [Alt-J] to enter different values for other jurisdictions.

AIIP

For Class 14, use the keyword AIIP to indicate if you wish to claim 1.5 times the normal first-year CCA claim for federal and Quebec jurisdictions or whether you wish to claim 1.5 times the normal first-year CCA claim for federal, but the full cost (100%) for Quebec.

For Quebec purposes, enhancement of the harmonized accelerated investment incentive allows for the immediate full expensing of the cost of qualified intellectual property where the property is acquired after December 3, 2018 and becomes available for use before 2024.

The following options are applicable for the keyword AIIP.

Same additional first-yr CCA for federal and Quebec

Same additional first-yr CCA Fed & Intellectual prop. QC

AdditionsYr-AIIP

For Class 14, DT Max will calculate capital cost allowance based on the number of 12-month periods remaining in the useful life of the asset, including this taxation year, for the additions entered. Next year, the capital cost allowance calculated will be carried forward into the Annual-CCA.n keyword in this group. Use [Alt-J] to enter different values for other jurisdictions.

Additions-Yr-DIEP

Add-Deduction-QC

For Quebec purposes, to encourage continued investment in manufacturing and processing equipment, clean energy generation equipment, general-purpose electronic data processing equipment and certain intellectual property, an additional capital cost allowance of 30% is introduced. This additional capital cost allowance will be permanent.

The tax legislation will thereby be amended to allow a taxpayer who acquires contemplated property, after the day of publication of Information Bulletin 2018-9, to deduct in computing income from a business for a taxation year, an amount corresponding to 30% of the amount deducted in computing such income, for the previous taxation year, on account of the capital cost allowance for the contemplated property.

For the purposes of the additional capital cost allowance of 30%, contemplated property will be, on the one hand, a particular property that is:

- machinery or equipment used in manufacturing or processing, namely, property included in Class 53
of Schedule B to the Regulation respecting the Taxation Act, other than property that had allowed
or could have allowed the taxpayer to claim the additional capital cost allowance of 60%, or property
acquired after 2025 that is property included in Class 43 of the schedule, but that would have been
included in Class 53 had it been acquired in 2025;
- clean energy generation equipment, namely, property included in Class 43.1 of the schedule or property
included in Class 43.2 of the schedule
- property composed of general-purpose electronic data processing equipment and systems software for that
equipment, namely, property included in Class 50 of the schedule, other than property that had allowed
or could have allowed the taxpayer to claim the additional capital cost allowance of 60%.

The particular property must be new at the time of its acquisition by the taxpayer and not property acquired from a person or partnership with which the taxpayer does not deal at arm's length. Its use must begin within a reasonable time after being acquired and, except in the case of loss or involuntary destruction by fire, theft or water, or a major breakdown, be used primarily in Quebec in the course of carrying on a business for a period of at least 730 consecutive days after the property's use began (hereinafter, "730-days period") by the taxpayer or a person with whom the taxpayer does not deal at arm's length and in the circumstances in which a transfer, amalgamation or winding-up occurred.

More specifically, if, at any time in the 730-days period, an event occurs that prevents one of the conditions allowing a particular property to be a contemplated property from being met, the particular property will not be a contemplated property.

For the purposes of the additional capital cost allowance of 30%, contemplated property will be, on the other hand, a qualified intellectual property.

A separate class will be provided for properties of a same class for which a taxpayer may claim the additional capital cost allowance of 30%.

The following options are applicable for the keyword Add-Deduction-QC.

Eligible for additional CCA of 30% (deductible next tax yr)

A particular property for the purposes of the additional capital cost allowance of 30% must be new at the time of its acquisition by the taxpayer and not property acquired from a person or partnership with which the taxpayer does not deal at arm's length. It must begin to be used within a reasonable time after being acquired and, except in the case of loss or involuntary destruction by fire, theft or water, or a major breakdown, be used primarily in Québec in the course of carrying on a business for a period of at least 730 consecutive days after the property's use began.
Select this option to automatically calculate the additional deduction of 30%. The amount calculated will be carried forward and applied to the following taxation year in the Net-Inc-Ded keyword option "Additional CCA - Data processing or M&P equipment (30%)" within the NetIncome group.
The new acquisition eligible for this deduction must be entered in a separate class as required by the Quebec government.

Not eligible

DIEP-Multi-Inc

Use the keyword DIEP-Multi-Inc to indicate if there are multiple sources of income relating to DIEP.

The following options are applicable for the keyword DIEP-Multi-Inc.

DIEP-Sequence.cca

If you have answered "Yes" to the keyword DIEP-Multi-Inc, use the keyword DIEP-Sequence.cca to enter the sequence number corresponding to the source of income in the DIEP-Multi-Income group.

RentalProp

Use this keyword to indicate if the CCA is CCA for a rental or leasing property.

The following options are applicable for the keyword RentalProp.

Rental-Sequence

If you have answered "Yes" to the keyword RentalProp, use the keyword Rental-Sequence to enter the sequence number corresponding to the rental property in IncomeSource group.

FilmProp

Use this keyword to indicate if the CCA is CCA for a film property.

The following options are applicable for the keyword FilmProp.

CarbonRebate

Use the keyword CarbonRebate to indicate if the asset is eligible for the Yukon government carbon price rebate for businesses.

Partners can claim this rebate for the portion of the year that meets all of the following conditions:

The partnership operated a business inside of Yukon or earned income from a rental property in Yukon in the fiscal year.
The partnership had assets that burned fossil fuels, other than diesel.
The partnership or the partner did not and will not receive a carbon tax rebate for fiscal year for certain mining businesses.

This refundable income tax credit is based on the undepreciated capital cost (UCC) of assets used by the partnership, as shown on Schedule 8. There are 3 asset categories:

category 1: buildings
category 2: equipment that burns fossil fuels
category 3: "green" assets, designed to consume non-fossil fuels

Eligible Yukon asset
An eligible Yukon asset is a property that meets all the following conditions:

It is a depreciable property that you owned at the end of the fiscal year, and is included in an eligible class.
You used it throughout the fiscal year mainly in carrying on business in Yukon.
It was situated in Yukon at all, or substantially all, times in the fiscal year, unless it was cross-border transport equipment.

Note: Some industrial assets are not eligible. Contact the Canada Revenue Agency for more information.

The following options are applicable for the keyword CarbonRebate.

Mining-CarbonReb

Use the keyword Mining-CarbonReb to indicate if the asset is eligible for the Yukon mining business carbon price rebate for mining businesses.

The following options are applicable for the keyword Mining-CarbonReb.

Quartz-Mining

Use the keyword Quartz-Mining to indicate if the specified placer mining business carries a specified quartz mining business.

The following options are applicable for the keyword Quartz-Mining.

Cross-Border

Use the keyword Cross-Border to indicate if the equipment used in cross-border transport. Cross-border transport equipment
Cross-border transport equipment is an eligible Yukon asset if it meets either of the following conditions:

The partnership used it in the fiscal year mainly to transport passengers or goods between a place in Yukon and a place outside of Yukon.
The partnership elected to treat it as cross-border transport equipment.

The following options are applicable for the keyword Cross-Border.

KM-OR-Fuel-Used

Use the keyword KM-OR-Fuel-Used to enter the mileage or fuel used by cross-border equipment while in Yukon.

Total-KM-OR-Fuel

Use the keyword Total-KM-OR-Fuel to enter the total mileage or fuel used by cross-border equipment.

Class12-Ded

Use the keyword Class12-Ded to enter the Québec supplementary deduction on class 12 additions. A partnership may claim a supplementary deduction equal to 25% of CCA claimed for a taxation year. The total deduction has thus risen to 125%. The supplementary deduction is not subject to CCA recapture upon disposition of the property. The 25% additional deduction granted to partnerships that do part of their business outside Quebec is reduced to 20%.

Class18-Ded

Québec's tax legislation and regulations enable a taxpayer to claim an additional deduction of 85% of the amount deducted in calculating its income for the year on account of capital cost allowance in respect of a truck or tractor designed for hauling freight and covered by the 60% capital cost allowance where such truck or tractor is fuelled by LNG.

Use the keyword Class18-Ded to enter the Québec additional deduction on class 18 additions.

HalfYr-CCA

Use HalfYr-CCA to override the application of the half-year rule to current year additions in classes where the half-year rule normally applies (all classes except Classes 14 and 15). See Fed Income Tax Regs 1100(2) to (2.4) for exceptions to the half-year rule.

The following options are applicable for the keyword HalfYr-CCA.

DateAcquired

The date when the assets are available for use.

Date-In-Use

This date is also used for DIEP additions for purposes of Quebec form CO-130.AD.

PrevYrITC

DT Max will deduct the PrevYrITC entered here from the undepreciated capital cost balance of the property's class.

Assets-Pred

Use the keyword Assets-Pred to enter depreciable property that has been transferred from an amalgamation.

Assets entered here will not be subject to the half-year rule. Use [Alt-J] to enter different values for other jurisdictions.

GSTPSTCost

The GST, PST or HST on the allowable cost (up to a maximum of $36,000 after 2022, $34,000 in 2022, $30,000 in 2021 or before) of the car is added to Class 10.1. Enter the lesser of the taxes paid on the purchase of the car and the taxes payable on a $36,000 after 2022, $34,000 in 2022, $30,000 if acquired in 2021 or before.

Use the keyword GSTPSTRebate to enter the amount of the GST, PST or HST rebate claimed on the vehicle.

GSTPSTRebate

The GST, PST or HST rebate on this addition will be deducted from its cost on schedule 8.

GSTPSTReb-AIIP

The GST, PST or HST rebate on this accelerated investment incentive property (AIIP) addition will be deducted from its cost on Schedule 8.

GSTPSTReb-DIEP

The GST, PST or HST rebate on this designated immediate expensing property (DIEP) addition will be deducted from its cost on Schedule 8.

CECA-Hist

Use CECA-Hist in the year of a disposition of pre-July/88 eligible capital property in this group. When the cumulative eligible capital account balance after 75% of proceeds are deducted is negative, previous year claims adjust the addition to net income required. This is done to reflect the old system of cumulative eligible capital deductions; 50% of cost used to be eligible capital property and 10% was the allowable deduction rate, as opposed to the current 75% eligible amount and 7% deduction rate.

DT Max will calculate the amount added to net income. The addition will appear on schedule 10 and schedule 1. You can use RecaptureOV to override the amount added to net income also.

The following options are applicable for the keyword CECA-Hist.

CEC deduction claimed after adjustment time

Total CEC deductions claimed for fiscal periods ending after adjustment time.

CEC reduction under subs. 80(7) - prior year

Total previous subsection 80(7) forgiven debt obligation reductions.

CEC deduction claimed before adjustment time

Total CEC deductions claimed for fiscal periods ending before the adjustment time (as defined in subsection 14(5)).

Total subs. 14(1) in income before adjustment time

Total subsection 14(1) income inclusions for fiscal periods ending before the adjustment time.

Amts. in income par. 14(1)(a)(iv) before Feb. 28 2000

Total of all amounts included under subparagraph 14(1)(a)(iv) for fiscal periods that ended before February 28, 2000.

Amts. in income par. 14(1)(a) after Feb. 27 2000

Total of all amounts included under paragraph 14(1)(a) for fiscal periods that ended after February 27, 2000.

CEC balance on January 1, 2017

Negative CEC balance on Jan. 1, 2017 - override

Use [Alt-J] to enter different values for other jurisdictions.

Adjustment

The adjustment entered here will be deducted from (if negative) or added to (if positive) the undepreciated capital cost of this class on schedule 8 or 10. Use [Alt-J] to enter different values for other jurisdictions.

Assistance.cca

Include all amounts of assistance you received (or were entitled to receive) after the disposition of a depreciable property that would have decreased the capital cost of the property by virtue of paragraph 13(7.1)(f) if received before the disposition. Use [Alt-J] to enter different values for other jurisdictions.

Repayment.cca

Include all amounts you have repaid during the year (after the disposition of a particular property with respect to a legally required repayment) of:
- assistance that would have otherwise increased the capital cost of the property under paragraph 13(7.1)(d); and
- any legally required repayment of an inducement, assistance or any other amount contemplated in paragraph 12(1)(x) received by the taxpayer that otherwise would have increased the capital cost of the property under paragraph 13(7.4)(b).
Use [Alt-J] to enter different values for other jurisdictions.

Business-Ceased

If this is the partnership's final return up to dissolution, DT Max will calculate a terminal loss, if appropriate on line 215 of federal Schedule 8.

Otherwise, use the keyword Business-Ceased to indicate the business, associated with this CCA Class 14.1, has ceased operations.

A terminal loss can only be claimed if the business has ceased operations.

The following options are applicable for the keyword Business-Ceased.

Timber-Rate

For Class 15, capital cost allowance is calculated based upon the amount of cords or board feet of timber cut in the fiscal year. Calculate the rate which DT Max will apply to the additions entered for this class; enter the capital cost allowance for assets in the opening balance in the Annual-CCA keyword.

Annual-CCA

Enter the amount of the annual capital cost allowance for assets in the opening balance of this class. For additions to this class, DT Max will calculate the Annual-CCA to carry forward next year. Use [Alt-J] to enter different values for other jurisdictions.

Annual-CCA.n

Enter the amount of the annual capital cost allowance for assets in the opening balance of this class and the number of months remaining in the life of the asset(s) in Annual-CCA. For additions to this class, DT Max will calculate the Annual-CCA to carry forward next year (based upon the amount and number of months) entered in the Additions and Additions-Yr-AIIP keywords for classe 13 and in the Additions-Yr and AdditionsYr-AIIP keywords for Class 14. Use [Alt-J] to enter different values for other jurisdictions.

CCALimit

Use CCALimit to limit the capital cost allowance or cumulative eligible cost amount to be claimed on this class. DT Max will claim the lesser of the limit entered and the maximum allowable claim calculated on schedule 8 or schedule 10. Use [Alt-J] to enter different values for other jurisdictions.

UCCFloor

Use UCCFloor to limit the ending UCC balance to a specific amount so that recapture on future disposals can be minimized. Use [Alt-J] to enter different values for other jurisdictions.

FactorOV

Use the keyword FactorOV to override the relevant factor determined by DT Max.

This keyword will be needed when there is more than one AIIP addition for a given CCA-Class group which has different relevant factors. In order to determine the appropriate relevant factor, use the following formula for that CCA-Class group:

(AIIP additions in 2023 X Relevant factor for 2023) + (AIIP additions in 2024 X Relevant factor for 2024) + (AIIP additions in 2025 X Relevant factor for 2025) + (AIIP additions in 2026 X Relevant factor for 2026) + (AIIP additions in 2027 X Relevant factor for 2027)

Divided by

The total of AIIP additions. Use [Alt-J] to enter different values for other jurisdictions.

DeemCapCost-OV

Use the keyword DeemCapCost-OV if you wish to override the amount DT Max has calculated for the deemed total capital cost. Please refer to the "CCA Class 14.1 (7%) Worksheet" for more information. Use [Alt-J] to enter different values for other jurisdictions.

HalfYr-RuleOV

Use this keyword to override the 50% rule amount claimed on this class. This corresponds to 1/2 the amount, if any, by which the net cost of acquisitions exceeds the proceeds of disposition during the year. Use [Alt-J] to enter different values for other jurisdictions.

DIEP-Proceed-OV

Use the keyword DIEP-Proceed-OV to override the gross proceeds from disposition of the designated immediate expensing property claimed on this class. Use [Alt-J] to enter different values for other jurisdictions.

DIEP-Income-OV

Use the keyword DIEP-Income-OV to override the net income, before deducting CCA, earned from business or property in which DIEP is used for this CCA class. Use [Alt-J] to enter different values for other jurisdictions.

ImmediateExpOV

Use this keyword to override the immediate expensing claimed on this class. Use [Alt-J] to enter different values for other jurisdictions.

CCAClassOV

Use this keyword to override the capital cost allowance or cumulative eligible cost amount claimed on this class. Use [Alt-J] to enter different values for other jurisdictions.

RecaptureOV

Use this keyword to override the recapture of depreciation calculated. Recapture is calculated for all CCA classes including Class 10.1 which is included in DIEP (designated immediate expensing property.) Class 10.1 not included in DIEP is not subject to recapture.

For Class 10.1 (not included in DIEP), in the year of a disposal, no recapture or terminal loss is calculated. Instead, half-year CCA is claimed on the opening balance of the class, as is allowed by the income tax rules. Use [Alt-J] to enter different values for other jurisdictions.

TermLossOV

Use this keyword to override the terminal loss calculated. Terminal loss is calculated for all CCA classes, except for Class 10.1.

For Class 10.1, in the year of a disposal, no recapture or terminal loss is calculated. Instead, half-year CCA is claimed on the opening balance of the class, as is allowed by the income tax rules. Use [Alt-J] to enter different values for other jurisdictions.

CCALimit.tot

When CCALimit.tot is used, DT Max will optimize CCA allocated amongst classes by first taking CCA on lower rate classes unless the CCALimit keyword was entered in a particular class.

Use CCALimit to limit the capital cost allowance or cumulative eligible cost amount claimed on a particular class.

DT Max will claim the lesser of any limits entered and the maximum allowable claim calculated on schedule 8. Use [Alt-J] to enter different values for other jurisdictions.

CCAOV

Use CCAOV to override the total capital cost allowance claim on schedule 1. If CCAOV is lower than the allowable CCA calculated on schedule 8, CCAOV will be used on schedule 8; CCA classes will reflect the CCAOV amount. If CCAOV exceeds allowable CCA, then schedule 8 will correctly reflect the allowable CCA amount. Use [Alt-J] to enter different values for other jurisdictions.

Immed-Exp-Elig

Use the keyword Immed-Exp-Elig to indicate if the partnership is eligible to claim immediate expensing on DIEP (designated immediate expensing property). This would be a Canadian partnership consisting of only individuals (other than trusts) and CCPCs.

The following options are applicable for the keyword Immed-Exp-Elig.

CCA-Agreement

Use the keyword CCA-Agreement and select "Yes" if the partnership is associated in the tax year with one or more EPOPs with which the partnership has entered into an agreement under subsection 1104(3.3) of the Regulations. By selecting "Yes", you will be able to enter information regarding the immediate expensing limit agreement of $1,500,000. Immediate expensing is available in the year in which eligible property becomes available for use. The $1.5 million immediate expensing limit per taxation year must be shared among members of an associated group of eligible persons or partnerships and prorated for short taxation years. No carryforward will be available if the full $1.5 million immediate limit is not used in a particular taxation year.

The following options are applicable for the keyword CCA-Agreement.

Name-EPOP

Use the keyword Name-EPOP to enter the name of the eligible person or partnership (EPOP).

An eligible person or partnership means - a corporation that was a Canadian-controlled private corporation throughout the year; - an individual (other than a trust) who is resident in Canada throughout the year; or - a Canadian partnership where all the members are CCPC's, Canadian-resident individuals (other than trust), or a combination thereof.

To qualify as an EPOP, the person or partnership must satisfy the qualifications and maintain their status throughout the year. Multi-tiered partnerships are excluded.

Bus-Num-Fed.epop

Where the eligible person or partnership (EPOP) is a Canadian-controlled private corporation (CCPC), enter the federal business number of the CCPC here.

PIN-ID.epop

Where the eligible person or partnership (EPOP) is a Canadian partnership, enter the federal partnership account number here.

Ident-Num.epop

Where the eligible person or partnership (EPOP) is a Canadian-controlled private corporation (CCPC), enter the Quebec identification number of the CCPC here.

QC-PIN-ID.epop

Where the eligible person or partnership (EPOP) is a Canadian partnership, enter the Québec partnership identification number here.

SIN.epop

Where the eligible person or partnership (EPOP) is a Canadian-resident individual, enter the social insurance number here.

Assigned%

Use the keyword Assigned% to enter the percentage of the immediate expensing limit assigned to each associated eligible person or partnership (EPOP). This percentage will be used to allocate the immediate expensing limit. The total of all percentage assigned under the agreement should not exceed 100%. If it does exceed 100%, then the associated group has an immediate expensing limit of nil. Use [Alt-J] to enter different values for other jurisdictions.

YearEnd.epop

Use the keyword YearEnd.epop to enter the taxation year or fiscal year end date. This information is needed for purposes of Quebec form TP-130.EN.

Street.epop

Use the keyword Street.epop to enter the street of the eligible person or partnership (EPOP). This information is needed for purposes of Quebec form TP-130.EN.

City.epop

Use the keyword City.epop to enter the city of the eligible person or partnership (EPOP). This information is needed for purposes of Quebec form TP-130.EN.

Province.epop

Use the keyword Province.epop to enter the province of the eligible person or partnership (EPOP). This information is needed for purposes of Quebec form TP-130.EN.

The following options are applicable for the keyword Province.epop.

Newfoundland and Labrador

Prince Edward Island

Nova Scotia

New Brunswick

Quebec

Ontario

Manitoba

Saskatchewan

Alberta

British Columbia

Yukon

Northwest Territories

Nunavut

PostCode.epop

Use the keyword PostCode.epop to enter the postal code of the eligible person or partnership (EPOP). This information is needed for purposes of Quebec form TP-130.EN.

Sign-Date.epop

Use the keyword Sign-Date.epop to enter the signing date as well as the title of the signing officer for the eligible person or partnership (EPOP).

The following options are applicable for the keyword Sign-Date.epop.

President

The president will be assumed to be the signing officer of the corporation if no signing officer is entered.

Vice-president

Secretary

Treasurer

Secretary-treasurer

Other (specify)

Immed-Exp-LimOV

Use the keyword Immed-Exp-LimOV to override the amount of this partnership's immediate expensing limit for CCA purposes.

DT Max will otherwise calculate the limit based on information entered in Assigned% keyword for all EPOPs within the CCA-Agreement group.

DIEP-Multi-Income

Use the keyword DIEP-Multi-Income to indicate if there is more than one source of income relating to the DIEP.

The following options are applicable for the keyword DIEP-Multi-Income.

There is only one source of income where DIEP is used

There is more than one source of income where DIEP is used

Net-Income.diep

Use the keyword Net-Income.diep to enter the net taxable income before CCA deductions.

DIEP-Sequence

The keyword DIEP-Sequence is used to link CCA-Class keyword groups to a particular income source related to DIEP. Please begin with the number 1 and increment it by 1 for each additional income source. In the CCA-Class keyword groups, choose "Yes" for the keyword DIEP-Multi-Inc and enter the matching sequence number within the keyword DIEP-Sequence.cca.

Source&Income

Use the keyword Source&Income to enter the source of income and net income before CCA deductions relating to DIEP.

Clean-ITC

Use the keyword Clean-ITC if you wish to claim the Clean technology investment tax credit or the Carbon capture, utilization, and storage investment tax credit.

The following options are applicable for the keyword Clean-ITC.

Clean technology ITC

CCA-Class.cl

Use the keyword CCA-Class.cl to select the appropriate CCA class.

The following options are applicable for the keyword CCA-Class.cl.

Class 43.1

Class 43.2

Class 56

Asset-Code.cl

Use the keyword Asset-Code.cl to select appropriate clean technology property asset code.

The following options are applicable for the keyword Asset-Code.cl.

01 - Electricity generating equipment

02 - Stationary electric storage equipment

03 - Solar equip., air-source or ground-source heat pumps

04 - Non-road zero emission vehicle & charging

05 - Geothermal equipment

06 - Concentrated solar energy equipment

07 - Small modular nuclear reactor

Province.cl

Use the keyword Province.cl to enter province where the clean technology ITC property will be used.

The following options are applicable for the keyword Province.cl.

Newfoundland and Labrador

Prince Edward Island

Nova Scotia

New Brunswick

Quebec

Ontario

Manitoba

Saskatchewan

Alberta

British Columbia

Yukon

Northwest Territories

Nunavut

Date-Available

Use the keyword Date-Available to enter the date the clean technology ITC property became available for use.

Design-Work-Site

Use the keyword Design-Work-Site to assign a number to each designated work site. Keep a record in case the CRA asks to see it later.

Capital-Cost

Use the keyword Capital-Cost to enter the cost of the clean technology property.

Adjustments.cl

Use the keyword Adjustments.cl to enter adjustments to the clean technology ITC calculation. Include government and non-government assistance that you have received, that you are entitled to receive or that you can reasonably be expected to receive in respect of the property. See subsection 127.45(5) for more information.

Assist-repaid.cl

Use the keyword Assist-repaid.cl to enter assistance repaid. Include government and non-government assistance that you have repaid, or that you have not received and can no longer expect to receive, in respect of the property. See subsection 127.45(7) for more information.

Spec-PercentOV

Use the keyword Spec-PercentOV if you wish to override the specified percentage.

Elect-Labour-Req

Use the keyword Elect-Labour-Req to indicate if the corporation is electing under subsections 127.46(3) and (5) to meet labour requirements for the designated work site.

The following options are applicable for the keyword Elect-Labour-Req.

Clean-ITC-CF

Enter the clean technology ITC carried forward. This amount is needed to calculate recapture.

Recapture.cl

Use the keyword Recapture.cl to indicate if there is recapture.

The following options are applicable for the keyword Recapture.cl.

Proceeds.cl

Use the keyword Proceeds.cl to enter the proceeds of disposition or fair market value.

If the property is disposed of to a person who deals at arm's length with the partnership, enter the proceeds of disposition. If the property is disposed of to a person who does not deal at arm's length with the partnership, or the property is converted to a non-clean technology use or is exported from Canada, enter the fair market value.

# of workers paid below the prevailing wage requirements

# days workers were paid below prevailing wage requirements

Tot. hrs. labour required apprentice regd. Red Seal trade

# hours worked by apprentices registered in Red Seal trade

Partner-Alloc.cl

Use the keyword Partner-Alloc.cl to enter allocations from partnerships.

The following options are applicable for the keyword Partner-Alloc.cl.

Labour requirements addition to tax allocated from p'ship

Clean technology ITC recapture allocated from partnership

Clean technology ITC allocated from partnership

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