Protected B when completed.

For this Case Study, you are required to use a tax software to prepare and submit a tax return that will cover much of the rules learned in this course. If you used the Profile software provided for this course, attach the file containing the information for the tax return created with the software (file will have a .18T extension if you are using the 2018 version). Alternatively, e.g. if you used another tax software than Profile, you can attach a pdf copy of the completed tax return with all forms and worksheets.

TRIAL VERSION
Motor vehicle expenses (Business)
Business Auto
Protected B when completed
Allocation of expenses Fiscal period % Amount CCA Terminal
Loss Recapture Owned by
business?Start End
T2125#1:James' Speciality Bike Shop2017-01-012017-12-31 100 8,120.00 6,120.00 Yes
No
Chart A - Motor vehicle expenses
PIckup Truck
24,720
30,900
3,210 00 3,210 00
1,150 00 1,150 00
1,500 00 1,500 00
4,000 00 4,000 00
Car Wash 290 00 290 00
10,150 00 10,150 00
80.00 8,120 00 8,120 00
8,120 00 8,120 00
Chart B - Available interest expense for passenger vehicle
2017-01-01
2017-12-31
1,150.00
The number of days in the fiscal period for which interest
was payable (accrual method) or paid (cash method) 365 10.00 3,650.00
1,150.00
Chart C - Capital Cost Allowance for motor vehicles
10.1
2016-06-01
55,000.00
25,500.00
13.00
25,500.00
25,500.00
30.0
7,650.00
17,850.00
80.00 6,120.00
Page 1 of 2
See the privacy notice on your return.
Description of automobile
Enter the kilometers you drove in the tax year to earn business income 1
Enter the total kilometers you drove in the tax year 2
Taxable Non Eligible Total
GST HST
Fuel and oil 3
Interest (see Chart B) 4
Insurance 5
License and registration 6
Maintenance and repairs 7
Leasing (See Chart D) 8
Other expenses (specify) 9
10
Total motor vehicle expenses 11
Business use part: Multiply line 11 by % 12
Business parking fees 13
Supplementary business insurance 14
Allowable motor vehicle expenses 15
Date interest payments commenced
Date interest payments terminated
Total interest payable (accrual method) or paid (cash method) in the fiscal period (A)
x = (B)
Available interest expense (amount A or B, whichever is less) (enter this amount on line 4 of Chart A above)
Class
Date acquired
Cost of vehicle (previous year)
UCC at the beginning of the year
Prior year GST/HST and PST rebates
Current year acquisitions
Cost of vehicle before taxes
Lesser of cost and $30,000
Trade-in value
Cost of vehicle for tax purposes
GST/HST
PST
Cost of vehicle for CCA
Lesser of costs and proceeds
UCC after acquisitions and dispositions
Adjustment for current-year acquisitions
Base amount for CCA
Rate %
CCA for the year
Recapture of CCA
Terminal loss
UCC at the end of the year
Business portion of CCA x %

TRIAL VERSION
80.00
80.00
Page 2 of 2
See the privacy notice on your return.
Business portion of terminal loss for the year x %
Business portion of recapture for the year x %