Fixed Assets - CCA Report

Pgm: FA9100 – FA Capital Cost Allowance Report; standard Treeview path: Fixed Assets > Transaction > Post Batch

Run this program to calculate the capital cost allowance for the taxation year just ended. It prints a report that may be used to prepare the T2 Schedule 8 to be attached to Canadian income tax returns. This can be run as often as required on all or a subset of the assets, but the final run or runs must take place before the Update Capital Cost screen is run to update the undepreciated capital costs recorded for each asset.

Company, Last CCA Report Date

The company will default to the user’s default company and the last date is the end of the tax year for which the most recent capital cost update took place for the company.

Start/End Date of Tax Year

This field is required. The first and last dates of the taxation year covered by the report to be printed. It is possible to put in values defining periods other than a full year in order to allow for fiscal year changes.

Note that the start date must be after the last CCA report date. Because only the most recent value of the undepreciated capital cost is saved, reports for earlier periods would not be meaningful. These dates default to the year following the last CCA report date and it is not normally needed to change them.

From/To CCA Code

Specify either or both ends of a range of CCA class codes to be included. If these are left empty, all CCA classes will be included.

From/To Category

Specify either or both ends of a range of asset category codes to be included. If these are left empty assets in all categories will be included.

From/To Asset

Specify either or both ends of a range of asset codes to be included. If these are left empty, all assets (in the specified CCA classes and/or categories) will be included.

The report will include at least one line for each of the CCA classes specified in the CCA class range. Some assets may be listed on separate lines below the line for their CCA classes if the ‘By Asset’ checkbox on the Depreciation tab of the Asset Maintenance screen has been checked.