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Level 1
March 14, 2023
Solved

designated immediate expensing property

  • March 14, 2023
  • 1 reply
  • 4 views

Does anyone know if we can claim NO for the DIEP instead of yes on the CCA on new assets purchased in 2022 on the Farm form T2042

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Best answer by janisbossenberry

Yes, you can put NO.  CCA is a discretionary amount and you never have to claim the maximum amount available.

1 reply

Level 7
March 15, 2023

Yes, you can put NO.  CCA is a discretionary amount and you never have to claim the maximum amount available.