tax question this is one wuestions with different parts please do all the parts... Please use canadian tax principles... i will leave a review and a like if eveything is correct

D G instructions: H 1 If there is no tex impact, leave the answer cell blank. (These are the blue Answer boxes below) If an amount reduces net employment income, enter as a negative. Please use formulas for your answers. Do not calculate these outside of excel and hardcode them. You can copy and paste your answer into the supporting calculations box and put an apostrophe in front, so that I can see the formula Example (this is NOT a part of the question). Answer Supporting Calculations Mr. Craig Webber is provided with a car that is leased by his employer. The monthly lease payments for 2021 are $600. During 2021, he drives the automobile a total of 30,000km of Standby charge which 22,000km are employment related. The automobile is available for the entire year 1.920 (600*12*2/3)*8000/(1667"1 His employer paid a total of $9,200 in operating costs. Calculate Mr. Webber's minimum Operating cost benefit is the lesser of 1,920 x 1/2 or 2021 taxable benefit for the use of the automobile 960 8000km x $0.27 Ignore operating costs paid by employer uestion 4 Lauren McMann is an advanced mountaineer and outdoor adventure specialist. In 2021, a headhunting firm connected her with Whitehorse Expeditions Ltd. (WEL) a public Canadian company. WEL was looked for another person to join their expanding company her information relevant to 2021 is as follows: Answer Supporting Calculations Marks Available Lauren put her house on the market on January 5, 2021, and at the urging of the listing agent, she accepted an offer resulting in a loss on this property. WEL agreed to compensate her for one-half of any loss on the sale of her home. The payment was made on May 30, 2021. Proceeds on sale of home 315,800 Original cost of home 390,700 Gain (loss) (74.900) 1 In order to help Lauren with the purchase of her new townhouse, WEL provided her with a $120,000, 0.6% housing loan. The funds are provided to Lauren on February 1, 2021 Assume that the prescribed rate for all of 2021 is 1 percent. Instructions: if there is no fax impact, leave the answer cell blank. (These are the blue "Answer boxes below) If an amount reduces net employment income, enter as a negative. Please use formulas for your answers. Do not calculate these outside of excel, and hardcode them You can copy and paste your answer into the supporting calculations box and put on apostrophe in front, so that I can see the formula Example (this is NOT a port of the question), Supporting Calculations Answer Mc Craig Webber is provided with a car that is leased by his employer. The monthly lease Standby charge - payments for 2021 are $600. During 2021, he drives the automobile a total of 30,000km of 1.920 (600*12*2/3)*8000/(16671 which 22,000km are employment related. The automobile is available for the entire year Operating cost benefit is the His employer paid a total of $9,200 in operating costs. Calculate Mr. Webber's minimum lesser of 1,920x1/2 or 2021 taxable benefit for the use of the automobile 960 8000km x $0.27 ignore operating costs paid by - employer Question 4 Lauren McMann is an advanced mountaineer and outdoor adventure specialist. In 2021, a headhunting firm connected her with Whitehorse Expeditions Ltd. (Wel) a public Canadian company. WEL was looked for another person to join their expanding company Other information relevant to 2021 is as follows Answer Supporting Calculations 1 Lauren put her house on the market on January 5, 2021, and at the urging of the listing agent, she accepted an offer resulting in a loss on this property. WEL agreed to compensate her for one-half of any loss on the sale of her home. The payment was made on May 30, 2021 Proceeds on sale of home 315,800 Original cost of home 390,700 Gainos) (74.900) 2 In order to help Lauren with the purchase of her new townhouse, WEL provided her with a $120,000, 0.6% housing loan. The funds are provided to Lauren on February 1, 2021. Assume that the prescribed rate for all of 2021 is 1 percent. Use the number months to calculate the low interest loan benefit 4 During 2021, Lauren earned a salary of S105,000 as well as commissions of $8,000. The Company withheld the following amounts from her salary: Income Taxes CPP EI Disability insurance premiums Registered Pension Plan (RPP) Contributions 33,600 3,166 890 1,000 3.600 5 WEL contributed 54.100 on Lauren's behalf to the Company's RPP 6 WEL provides group medical coverage to all of its employees. The public health plan premiums paid by WEL on Lauren's behalf cost $600 for the year Cover sheet - please read Q1 Q2 Q3 24 25 + A D E F G H B Disability insurance premium Registered Pension Plan (RPP) Contributions 1,000 3,600 5 WEL contributed $4,100 on Lauren's behalf to the Company's RPR. 6 WEL provides group medical coverage to all of its employees. The public health plan premiums paid by WEL on Lauren's behalf cost $600 for the year, 7 During the year, Lauren received two non-cash gifts from WEL, a season skipass worth $1,000 and a Christmas gift certificate to a local spa for $375. Record the gifts seporately, if taxable, on the two lines provided. 8 WEL provides life insurance coverage to all of its employees. The premiums paid by WEL ON Lauren's behalf cout $500 for the year. 9 Lauren was granted options to buy 60 of the company's shares at $10 per share when she Joined the staff of WEL. At that time, the shares had an assessed fale market value of $13 per share. On May 10, 2021, the shares are trading at $16 per share. She acquires 60 shares on that date and is still holding these shares on December 31 10 Lauren is a part of the Canadian Mountaineers Association, and paid professional dues of $880 for 2021 11 Due to a dog sledding accident Lauren breaks her collar bone and was off work for three months during 2021. She received a total of 56,100 in payments from the disability Insurance company during this period. The premiums are $1000/year and were withheld from Laura's pay Show the disability benefit and premiums separately if applicable) For the auto benefit enter each calculation separately into column R. Leave a row blank if not required. 12 WEL provides Lauren with a vehicle that she uses to drive her clients on tours. The vehicle was used by Lauren throughout 2021, aside form the three months she was off work. WEL required her to return the car and keys. WEL pays all operating and maintenance costs, a total of $2,300 during the year Details of the vehicle and kilometers driven are below. Total km drive Personal km driven Cost of car (including GST and PST) 30,100 12.040 43,800 Standby charge (reduced, if applicable) plus Operating cost benefit, which is the lesser of: 1/2 of reduced standby charge Or $0.27/km x personal km Other indicate in column G TI G D E during 2021. She received a total of $6,100 in payments from the disability Insurance company during this period. The premiums are $1000/year and were withheld from Laura's pay. Show the disability benefit and premiums separately if applicable). For the auto benefit enter each calculation separately into column F. Leave a row blank if not required, 12 WEL provides Lauren with a vehicle that she uses to drive her clients on tours. The vehicle was used by Lauren throughout 2021, aside form the three months she was off work. WEL required her to return the car and keys. WEL pays all operating and maintenance costs, a total of $2,300 during the year. Detalls of the vehicle and kilometers driven are below. Total km drive Personal km driven Cost of car (including GST and PST) 30,100 12,040 43,800 Standby charge (reduced, if applicable) plus Operating cost benefit, which is the lesser of: 1/2 of reduced standby charge: Or $0.27/kmx personal km Other - Indicate in column G 13 Lauren has renovated in order to have a separate area in her townhouse to be used exclusively to signing the contracts and meeting with clients. We will provide her with a signed form T2200 stating that she is required to pay for certain employment expenses without reimbursement and use a portion of her home for work. She used this work space between February 1 and December 31, 2021. If a deduction is not allowed, leave blank Show the deductions as negative. Multiply the toto Work space related expenditures are as follows: Mortgage Interest (total for 11 months) Utilities (total for 11 months) Home Insurance (total for 11 months) Property Tax (total for 11 months) Office Furniture 9,471 3,036 3,300 5,880 6,110 Total x square footage Total Deduction 25% Required: Determine Lauren's net employment Income for 2021. Net employment income Please use the Sum function to show your net employment income. Question 5 E F G 0 The following information relates to Alfie Co. for its taxation year that ends on December 31, 2021: Note 1: The Company has UCC balances on January 1, 2021 for its tangible assets as follows: Class 1(4%) - Note 2 Class 8 (20%) - Note 3 Class 10 30%) - Note 4 Class 12 (100%) - Note 5 Class 50 (55%) - Note 6 S $ 405,400 198,752 89,438 14,500 28,850 IS $ Note 2: During 2021, the building that was acquired in 2006 was sold for cash of $635,000 of this total, $130,000 represented the value of the land on which the building was situated. The building had a capital cost of $620,000, of which $100,000 represented the value of the land at time the building was acquired. The building was replaced during 2021 with a new building at a cost of $805,000, of which $125,000 represented the value of the land. The old building was used 100 percent for office space and was allocated to a separate Class 1. The new replacement building is also used 100 percent for office space and is allocated to a separate Class 1. Note 3: During 2021, the Company purchased office furnishings for $74,000. They traded in older furnishings and received an allowance of $26,000. The capital cost of the furnishings that were traded in was $56,000 Note 4: The only vehicle purchased during 2021 was a Lexus to be used by the president of the Company. The cost of this car was $93,000. The president drives it 23,000 kilometers during the year, of which 5,750 kilometers are for employment related purposes Note 5: Computer software that is not systems software is purchased during the year. $ 2,760 Note 6: The company sold all of their computer hardware for $1,000. The original cost of the hardware was $22,000. The company decided to lease their computer hardware instead. Note 7: Alfie Co. has always deducted the maximum CCA a in each year of operation. Required: Calculate the maximum 2021 CCA that can be taken on each class of assets, the January 1, 2022 UCC balance for each class, and any other 2021 income inclusions or deductions resulting from the information provided in the problem Cover sheet - please read Q1 Q2 03 04 05 The building was replaced during 2021 with a new building at a cost of $805,000, of which $125,000 represented the value of the land. The old building was used 100 percent for office space and was allocated to a separate Class 1. The new replacement building is also used 100 percent for office space and is allocated to a separate Class 1. Note 3: During 2021, the Company purchased office furnishings for $74,000. They traded in older furnishings and received an allowance of $26,000. The capital cost of the furnishings that were traded in was $56,000. Note 4: The only vehicle purchased during 2021 was a Lexus to be used by the president of the Company. The cost of this car was $93,000. The president drives it 23,000 kilometers during the year, of which 5,750 kilometers are for employment related purposes Note 5: Computer software that is not systems software is purchased during the year, $ 2,760 Note 6: The company sold all of their computer hardware for $1,000. The original cost of the hardware was $22,000. The company decided to lease their computer hardware instead. Note 7: Alfie Co. has always deducted the maximum CCA a In each year of operation. Required: Calculate the maximum 2021 CCA that can be taken on each class of assets, the January 1, 2022 UCC balance for each class, and any other 2021 income inclusions or deductions resulting from the information provided in the problem. Any amounts deducted below MUST BE shown as a negative number. Enter zero's only! Do not enter NIL, or a dash". Class Class 1 Class 1 - new! Class 8 UCC at the beginning of the period Add: Additions Deduct: Disposals Add: Acell Adj. (deduct 1/2 year rule, Subtotal - CCA base Rate (%) Deduct: Capital cost allowance F G H 1 ] K Any amounts deducted below MUST BE shown as a negative number. Enter zero's only! Do not enter NIL, or a "dash" Class Class 1 Class 1 - new! Class 8 UCC at the beginning of the period Add: Additions Deduct: Disposals Add: Acell Adj. (deduct 1/2 year rule, Subtotal - CCA base Rate (%) Deduct: Capital cost allowance Deduct: Acell Adj. or Add: 1/2 year rule (class UCC at the end of the period /2 marks 13 marks /4 marks Class 10 Class 10.1 89.438 Class 12 14,500 Class 50 28,850 Class UCC at the beginning of the period Add: Additions Deduct: Disposals Add: Acell Adj. (deduct 1/2 year rule, Class 12) Subtotal = CCA base Rate(%) Deduct: Capital cost allowance Deduct: Acell Adj. or Add: 1/2 year rule (class 12) UCC at the end of the period [2 marks 13 marks /3 marks [2 marks Use the space below to note recapture, terminal loss, taxable capital gains, or allowable capital losses resulting from the above dispositions. (4 Enter all amounts as positive values below. Recaptured CCA /1 mark Terminal Loss /1 mark Taxable capital gain /1 mark Allowable capital loss /1 mark Cover sheet - please read Q1 Q2 Q3 04 05 + A B D E 3 Add: Acell Adj. (deduct 1/2 year rule, F G Subtotal=CCA base - 5 Rate (%) 6 Deduct: Capital cost allowance 7 Deduct: Accll Adj. or Add: 1/2 year rule (class UCC at the end of the period + 3 /2 marks /3 marks /4 marks 1 Class Class 10 Class 10.1 2 UCC at the beginning of the period Class 12 Class 50 89,438 3 Add: Additions 14,500 28,850 + Deduct: Disposals Add: Acell Adj. (deduct 1/2 year rule, 5 Class 12) Subtotal - CCA base 7 Rate(%) 3 Deduct: Capital cost allowance Deduct: Accll Adj, or Add: 1/2 year rule (class 3 12) = UCC at the end of the period /2 marks /3 marks /3 marks 2 marks Use the space below to note recapture, terminal loss, taxable capital gains, or allowable capital losses resulting from the above dispositions.( Enter all amounts os positive values below. 5 Recaptured CCA 11 mark 5 Terminal Loss /1 mark Taxable capital gain /1 mark 3 Allowable capital lass /1 mark 5 . 1 D G instructions: H 1 If there is no tex impact, leave the answer cell blank. (These are the blue Answer boxes below) If an amount reduces net employment income, enter as a negative. Please use formulas for your answers. Do not calculate these outside of excel and hardcode them. You can copy and paste your answer into the supporting calculations box and put an apostrophe in front, so that I can see the formula Example (this is NOT a part of the question). Answer Supporting Calculations Mr. Craig Webber is provided with a car that is leased by his employer. The monthly lease payments for 2021 are $600. During 2021, he drives the automobile a total of 30,000km of Standby charge which 22,000km are employment related. The automobile is available for the entire year 1.920 (600*12*2/3)*8000/(1667"1 His employer paid a total of $9,200 in operating costs. Calculate Mr. Webber's minimum Operating cost benefit is the lesser of 1,920 x 1/2 or 2021 taxable benefit for the use of the automobile 960 8000km x $0.27 Ignore operating costs paid by employer uestion 4 Lauren McMann is an advanced mountaineer and outdoor adventure specialist. In 2021, a headhunting firm connected her with Whitehorse Expeditions Ltd. (WEL) a public Canadian company. WEL was looked for another person to join their expanding company her information relevant to 2021 is as follows: Answer Supporting Calculations Marks Available Lauren put her house on the market on January 5, 2021, and at the urging of the listing agent, she accepted an offer resulting in a loss on this property. WEL agreed to compensate her for one-half of any loss on the sale of her home. The payment was made on May 30, 2021. Proceeds on sale of home 315,800 Original cost of home 390,700 Gain (loss) (74.900) 1 In order to help Lauren with the purchase of her new townhouse, WEL provided her with a $120,000, 0.6% housing loan. The funds are provided to Lauren on February 1, 2021 Assume that the prescribed rate for all of 2021 is 1 percent. Instructions: if there is no fax impact, leave the answer cell blank. (These are the blue "Answer boxes below) If an amount reduces net employment income, enter as a negative. Please use formulas for your answers. Do not calculate these outside of excel, and hardcode them You can copy and paste your answer into the supporting calculations box and put on apostrophe in front, so that I can see the formula Example (this is NOT a port of the question), Supporting Calculations Answer Mc Craig Webber is provided with a car that is leased by his employer. The monthly lease Standby charge - payments for 2021 are $600. During 2021, he drives the automobile a total of 30,000km of 1.920 (600*12*2/3)*8000/(16671 which 22,000km are employment related. The automobile is available for the entire year Operating cost benefit is the His employer paid a total of $9,200 in operating costs. Calculate Mr. Webber's minimum lesser of 1,920x1/2 or 2021 taxable benefit for the use of the automobile 960 8000km x $0.27 ignore operating costs paid by - employer Question 4 Lauren McMann is an advanced mountaineer and outdoor adventure specialist. In 2021, a headhunting firm connected her with Whitehorse Expeditions Ltd. (Wel) a public Canadian company. WEL was looked for another person to join their expanding company Other information relevant to 2021 is as follows Answer Supporting Calculations 1 Lauren put her house on the market on January 5, 2021, and at the urging of the listing agent, she accepted an offer resulting in a loss on this property. WEL agreed to compensate her for one-half of any loss on the sale of her home. The payment was made on May 30, 2021 Proceeds on sale of home 315,800 Original cost of home 390,700 Gainos) (74.900) 2 In order to help Lauren with the purchase of her new townhouse, WEL provided her with a $120,000, 0.6% housing loan. The funds are provided to Lauren on February 1, 2021. Assume that the prescribed rate for all of 2021 is 1 percent. Use the number months to calculate the low interest loan benefit 4 During 2021, Lauren earned a salary of S105,000 as well as commissions of $8,000. The Company withheld the following amounts from her salary: Income Taxes CPP EI Disability insurance premiums Registered Pension Plan (RPP) Contributions 33,600 3,166 890 1,000 3.600 5 WEL contributed 54.100 on Lauren's behalf to the Company's RPP 6 WEL provides group medical coverage to all of its employees. The public health plan premiums paid by WEL on Lauren's behalf cost $600 for the year Cover sheet - please read Q1 Q2 Q3 24 25 + A D E F G H B Disability insurance premium Registered Pension Plan (RPP) Contributions 1,000 3,600 5 WEL contributed $4,100 on Lauren's behalf to the Company's RPR. 6 WEL provides group medical coverage to all of its employees. The public health plan premiums paid by WEL on Lauren's behalf cost $600 for the year, 7 During the year, Lauren received two non-cash gifts from WEL, a season skipass worth $1,000 and a Christmas gift certificate to a local spa for $375. Record the gifts seporately, if taxable, on the two lines provided. 8 WEL provides life insurance coverage to all of its employees. The premiums paid by WEL ON Lauren's behalf cout $500 for the year. 9 Lauren was granted options to buy 60 of the company's shares at $10 per share when she Joined the staff of WEL. At that time, the shares had an assessed fale market value of $13 per share. On May 10, 2021, the shares are trading at $16 per share. She acquires 60 shares on that date and is still holding these shares on December 31 10 Lauren is a part of the Canadian Mountaineers Association, and paid professional dues of $880 for 2021 11 Due to a dog sledding accident Lauren breaks her collar bone and was off work for three months during 2021. She received a total of 56,100 in payments from the disability Insurance company during this period. The premiums are $1000/year and were withheld from Laura's pay Show the disability benefit and premiums separately if applicable) For the auto benefit enter each calculation separately into column R. Leave a row blank if not required. 12 WEL provides Lauren with a vehicle that she uses to drive her clients on tours. The vehicle was used by Lauren throughout 2021, aside form the three months she was off work. WEL required her to return the car and keys. WEL pays all operating and maintenance costs, a total of $2,300 during the year Details of the vehicle and kilometers driven are below. Total km drive Personal km driven Cost of car (including GST and PST) 30,100 12.040 43,800 Standby charge (reduced, if applicable) plus Operating cost benefit, which is the lesser of: 1/2 of reduced standby charge Or $0.27/km x personal km Other indicate in column G TI G D E during 2021. She received a total of $6,100 in payments from the disability Insurance company during this period. The premiums are $1000/year and were withheld from Laura's pay. Show the disability benefit and premiums separately if applicable). For the auto benefit enter each calculation separately into column F. Leave a row blank if not required, 12 WEL provides Lauren with a vehicle that she uses to drive her clients on tours. The vehicle was used by Lauren throughout 2021, aside form the three months she was off work. WEL required her to return the car and keys. WEL pays all operating and maintenance costs, a total of $2,300 during the year. Detalls of the vehicle and kilometers driven are below. Total km drive Personal km driven Cost of car (including GST and PST) 30,100 12,040 43,800 Standby charge (reduced, if applicable) plus Operating cost benefit, which is the lesser of: 1/2 of reduced standby charge: Or $0.27/kmx personal km Other - Indicate in column G 13 Lauren has renovated in order to have a separate area in her townhouse to be used exclusively to signing the contracts and meeting with clients. We will provide her with a signed form T2200 stating that she is required to pay for certain employment expenses without reimbursement and use a portion of her home for work. She used this work space between February 1 and December 31, 2021. If a deduction is not allowed, leave blank Show the deductions as negative. Multiply the toto Work space related expenditures are as follows: Mortgage Interest (total for 11 months) Utilities (total for 11 months) Home Insurance (total for 11 months) Property Tax (total for 11 months) Office Furniture 9,471 3,036 3,300 5,880 6,110 Total x square footage Total Deduction 25% Required: Determine Lauren's net employment Income for 2021. Net employment income Please use the Sum function to show your net employment income. Question 5 E F G 0 The following information relates to Alfie Co. for its taxation year that ends on December 31, 2021: Note 1: The Company has UCC balances on January 1, 2021 for its tangible assets as follows: Class 1(4%) - Note 2 Class 8 (20%) - Note 3 Class 10 30%) - Note 4 Class 12 (100%) - Note 5 Class 50 (55%) - Note 6 S $ 405,400 198,752 89,438 14,500 28,850 IS $ Note 2: During 2021, the building that was acquired in 2006 was sold for cash of $635,000 of this total, $130,000 represented the value of the land on which the building was situated. The building had a capital cost of $620,000, of which $100,000 represented the value of the land at time the building was acquired. The building was replaced during 2021 with a new building at a cost of $805,000, of which $125,000 represented the value of the land. The old building was used 100 percent for office space and was allocated to a separate Class 1. The new replacement building is also used 100 percent for office space and is allocated to a separate Class 1. Note 3: During 2021, the Company purchased office furnishings for $74,000. They traded in older furnishings and received an allowance of $26,000. The capital cost of the furnishings that were traded in was $56,000 Note 4: The only vehicle purchased during 2021 was a Lexus to be used by the president of the Company. The cost of this car was $93,000. The president drives it 23,000 kilometers during the year, of which 5,750 kilometers are for employment related purposes Note 5: Computer software that is not systems software is purchased during the year. $ 2,760 Note 6: The company sold all of their computer hardware for $1,000. The original cost of the hardware was $22,000. The company decided to lease their computer hardware instead. Note 7: Alfie Co. has always deducted the maximum CCA a in each year of operation. Required: Calculate the maximum 2021 CCA that can be taken on each class of assets, the January 1, 2022 UCC balance for each class, and any other 2021 income inclusions or deductions resulting from the information provided in the problem Cover sheet - please read Q1 Q2 03 04 05 The building was replaced during 2021 with a new building at a cost of $805,000, of which $125,000 represented the value of the land. The old building was used 100 percent for office space and was allocated to a separate Class 1. The new replacement building is also used 100 percent for office space and is allocated to a separate Class 1. Note 3: During 2021, the Company purchased office furnishings for $74,000. They traded in older furnishings and received an allowance of $26,000. The capital cost of the furnishings that were traded in was $56,000. Note 4: The only vehicle purchased during 2021 was a Lexus to be used by the president of the Company. The cost of this car was $93,000. The president drives it 23,000 kilometers during the year, of which 5,750 kilometers are for employment related purposes Note 5: Computer software that is not systems software is purchased during the year, $ 2,760 Note 6: The company sold all of their computer hardware for $1,000. The original cost of the hardware was $22,000. The company decided to lease their computer hardware instead. Note 7: Alfie Co. has always deducted the maximum CCA a In each year of operation. Required: Calculate the maximum 2021 CCA that can be taken on each class of assets, the January 1, 2022 UCC balance for each class, and any other 2021 income inclusions or deductions resulting from the information provided in the problem. Any amounts deducted below MUST BE shown as a negative number. Enter zero's only! Do not enter NIL, or a dash". Class Class 1 Class 1 - new! Class 8 UCC at the beginning of the period Add: Additions Deduct: Disposals Add: Acell Adj. (deduct 1/2 year rule, Subtotal - CCA base Rate (%) Deduct: Capital cost allowance F G H 1 ] K Any amounts deducted below MUST BE shown as a negative number. Enter zero's only! Do not enter NIL, or a "dash" Class Class 1 Class 1 - new! Class 8 UCC at the beginning of the period Add: Additions Deduct: Disposals Add: Acell Adj. (deduct 1/2 year rule, Subtotal - CCA base Rate (%) Deduct: Capital cost allowance Deduct: Acell Adj. or Add: 1/2 year rule (class UCC at the end of the period /2 marks 13 marks /4 marks Class 10 Class 10.1 89.438 Class 12 14,500 Class 50 28,850 Class UCC at the beginning of the period Add: Additions Deduct: Disposals Add: Acell Adj. (deduct 1/2 year rule, Class 12) Subtotal = CCA base Rate(%) Deduct: Capital cost allowance Deduct: Acell Adj. or Add: 1/2 year rule (class 12) UCC at the end of the period [2 marks 13 marks /3 marks [2 marks Use the space below to note recapture, terminal loss, taxable capital gains, or allowable capital losses resulting from the above dispositions. (4 Enter all amounts as positive values below. Recaptured CCA /1 mark Terminal Loss /1 mark Taxable capital gain /1 mark Allowable capital loss /1 mark Cover sheet - please read Q1 Q2 Q3 04 05 + A B D E 3 Add: Acell Adj. (deduct 1/2 year rule, F G Subtotal=CCA base - 5 Rate (%) 6 Deduct: Capital cost allowance 7 Deduct: Accll Adj. or Add: 1/2 year rule (class UCC at the end of the period + 3 /2 marks /3 marks /4 marks 1 Class Class 10 Class 10.1 2 UCC at the beginning of the period Class 12 Class 50 89,438 3 Add: Additions 14,500 28,850 + Deduct: Disposals Add: Acell Adj. (deduct 1/2 year rule, 5 Class 12) Subtotal - CCA base 7 Rate(%) 3 Deduct: Capital cost allowance Deduct: Accll Adj, or Add: 1/2 year rule (class 3 12) = UCC at the end of the period /2 marks /3 marks /3 marks 2 marks Use the space below to note recapture, terminal loss, taxable capital gains, or allowable capital losses resulting from the above dispositions.( Enter all amounts os positive values below. 5 Recaptured CCA 11 mark 5 Terminal Loss /1 mark Taxable capital gain /1 mark 3 Allowable capital lass /1 mark 5 . 1