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Lee Enterprises has a fiscal year-end of October 31. You are preparing the current years T2 tax return. Carryforward information (from the prior year tax

Lee Enterprises has a fiscal year-end of October 31. You are preparing the current year’s T2 tax return. Carryforward information (from the prior year tax return) indicates the following balances in the Undepreciated Capital Cost (UCC): 

Class 1 – 6% (Non-residential building) = $235,758 

Class 8 – 20% (Furniture & General Equipment) = $38,547 

Class 10 - 30% (Motor Vehicles) = $52,325 

Assuming there are no additions or dispositions during the current year, calculate the CCA deduction for Lee Enterprises for the current year.


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