Is the T2 S8SUPP line for "NBV of capital assets, end of year" supposed to be including code 2018 (incorporation costs) amounts?

Fab, I think the inclusion of ECP should only be for tax years after 2016 yet S8SUPP is including them for my tax year ended 9/30/2016. I am overriding as ECP is not depreciable at that point in time.


Thank you for using ProFile Live Community, Mike.

Based on CRA rules, the CCA rate is 5% if acquired afer December 31, 2016. If purchased before January 1, 2017 the rate is 7%. This can be indicated by checking yes or no for Acquired before January 1, 2017.

I've also attached a screenshot.

If you need further help or have any questions, please feel free to reach out to us via chat or phone support so that we may review the return with you and find out what may be causing the miscalculation.



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Fab , Support Specialist

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