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Showing results for tags 'expenses'.
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I need help by receiving answers for the questions below. Q1. I entered the total kilometres and the one travelled for business. Should I enter the motor vehicle expnses in full amount and UFile will take care of calculating the percentage, or I should calculate them by myself? Q2. Under Motor Vehicle Expenses, what does Description and Adjusted Cost Base of the Vehicle means? Q3. Explanation: I bought a personal vehicle on 6 January 2022. I started using my vehicle for a ride-share business on 1 April 2023. I did the calculation below before plugging the numbers in UFile. Next, I UCC and CCA year 2023 share by multiplying the amounts by (274 (days starting 1 April until 31 December)÷ 365). The new UCC is 8477.50, and CCA 2,543.25 I need help to check if I entered the right number in the right fields in UFile, also did I miss anything? CCA, Class 10 - 30% Thank you.
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How or where is it possible to add hydro expenses to a tax return?