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On November 24, 2023, Ms. Wilma Vander purchased an automobile to be used exclusively in her newly formed unincorporated business that commenced operations on
On November 24, 2023, Ms. Wilma Vander purchased an automobile to be used exclusively in her newly formed unincorporated business that commenced operations on June 30, 2023. The cost of the automobile was $40000, before GST and PST. It is a class 10.1 vehicle ($36,000 is the limit in 2023). In calculating her net business income for 2023, how much can Ms. Vander deduct with respect to this acquisition? Ignore GST and PST considerations. Her year end is December 31, 2023. Do NOT write commas, dollar signs, or decimals in your response. Your Answer:
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