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Level 3
April 21, 2023
Question

accelerated cca for motor vehicle on farm statement

  • April 21, 2023
  • 0 replies
  • 5 views

A farm statement, has a motor vehicle ( determined that it is not a passenger vehicle), which I think qualifies for the accelerated CCA.  When I do this, I override all of the other CCA, and also have limited the CCA on this addition to the net income on the farm statement, as the CCA would otherwise create a loss.  This has created a Canada Workers Benefit.  Is this correct?  The farmer did have employment  income but it is less than 

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