Small Business T2 Return Question

[WXH]

May please any expert help this question?



When filing the S125 and S8 of T2 Incorprated besiness, there is an entry, "Amortization of tangible assets" (8670). I found that the amount entered in "Amortization of tangible assets" only affects the "Total operating expenses", but not the tax amount to be paid to the government. So it seems not necessary to fill any number in the "Amortization of tangible assets" entry. What's the relationship between the Amortization of tangible assets and CCA (Capital Cost Allowance)?



Many thanks in advance!

 

[eggplant]

May please any expert help this question?



When filing the S125 and S8 of T2 Incorprated besiness, there is an entry, "Amortization of tangible assets" (8670). I found that the amount entered in "Amortization of tangible assets" only affects the "Total operating expenses", but not the tax amount to be paid to the government. So it seems not necessary to fill any number in the "Amortization of tangible assets" entry. What's the relationship between the Amortization of tangible assets and CCA (Capital Cost Allowance)?

Many thanks in advance!

CCA Column 12 的总和就是 平衡表里的8670。
它会影响到营业成本，就一定会影响到净利润，也就会影响到缴税额。你再仔细看看。

 

[Weir]

CCA 8 里的 和 S125里8670的不一样的

S125里的 8670 是指 财务报表里(non-tax deductible)的折旧， CCA8里的是根据税法上可以算到营运成本(tax deductible)的折旧. 在 S1里算收入时要在 报表里的收入加上s125-8670， 再减去 CCA8里的折旧， 结果就是算上折旧成本的应纳税收入。 如果自己做， 一般就直接把 CCA8里的折旧放到 8670上， 这样就少了一项换算和跟踪平衡。 声明， 我不是会计。

 

[GuardianAngel]

If you do not fill out "Amortization of tangible assets" (8670), your balance sheet will likely not be right if you claimed CCA.