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Flag Canada Revenue
Agency		 Agence du revenu
du Canada		 Protected B when completed  
Statement of Fishing Activities  
 
• Use this form to calculate your self-employment fishing income.
• For each fishing business, fill in a separate Form T2121.
• Fill in this form and send it with your income tax and benefit return.
• For more information on how to fill in this form, see Guide T4002, Self-employed Business, Professional, Commission, Farming, and Fishing Income.
 
 
Part 1 – Identification
    
  Your name   Your social insurance number  
   
  Vessel registration number (VRN)   Business number  
   
  Boat name   City Prov./Terr Postal code  
   
  Fiscal period Year Month  Day   Year Month  Day   Was this your last year of fishing?
From  to      Yes No  
  Main species   Industry code  
  (see Chapter 2 in Guide T4002)
 Accounting method  Tax shelter identification number  Partnership business number  Your percentage of the partnership
  Cash Accrual   %
  Name and address of the person or firm preparing this form
   
 
 
Part 2 – Internet business activities
  
 
  If your webpages or websites generate fishing income, fill in this part of the form.

From how many Internet web pages and websites (including third-party platform websites) does your business earn income?
 
  Enter "0" if none. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  
 
  Provide up to five main web page or website addresses:
 
  http://  
 
  http://  
 
  http://  
 
  http://  
 
  http://  
 
  Percentage of your gross income generated from the web pages and websites.
  (If no gross income was generated from the Internet, enter "0") %  
 
 
 
Part 3 – Income
  
  Fish products . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3A
  Other marine products . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3B
  Grants, credits, and rebates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3C
  Subsidies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3D
  Compensation for loss of fishing income or property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3E
  Sharesperson income (specify name of fishing boat and captain below)     3F
  Other income (specify)*     9600    
   
  Gross income : Total of amounts 3A to 3F and line 9600 (enter this amount on line 14299 of your income tax and benefit return)   8299    
  * You may have received assistance from COVID-related measures from the federal, provincial or territorial governments. For more information on how to report
COVID-related assistance, go to canada.ca/en/revenue-agency/services/wage-rent-subsidies/report-subsidy-tax-return.html.
 
 
 
 
 
 
 
 
 
T2121 E (23) (Ce formulaire est disponible en français.) Page 1 of 7  

Protected B when completed
 
Part 4 – Net income (loss) before adjustments
  
  Gross income (line 8299 of Part 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  4A
  Expenses (enter only the business part)
  Salt, bait and ice . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9138    4B
  Crew shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9062    4C
  Fuel costs (except for motor vehicles) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9224    4D
  Fishing gear . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9136    4E
  Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8690    4F
  Interest and bank charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8710    4G
  Meals and entertainment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8523    4H
  Business taxes, licences and memberships . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8760    4I
  Motor vehicle expenses (not including CCA) (amount 16 of Chart A) . . . . . . . . . . . . . . . . . . 9281    4J
  Office expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8810    4K
  Nets and traps . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9137    4L
  Professional fees (includes legal and accounting fees) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8860    4M
  Salaries, wages, and benefits (including employer's contributions) . . . . . . . . . . . . . . . . . . . . . 9060    4N
  Repairs and maintenance: Fishing boat . . . . . . . . . . . . . . . . . . .  1
  Engine . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  2
  Electrical equipment . . . . . . . . . . . . . . . . . . . . . . . . . .  3
  Total of amounts 1 to 3    4
  Insurance recovery . . . . . . . . . . . . . . . . . . . . . . . . . .  5
  Your cost (amount 4 minus amount 5) . . . . . . . . . . 8963   ►  4O
  Other expenses (specify):     9270    4P
Subtotal: Add amounts 4B to 4P       4Q
  Capital cost allowance (CCA). Enter amount ii of Area A minus any personal part and any
  CCA for business-use-of-home expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9936    
  Total expenses: Amount 4Q plus line 9936 . . . . . . . . . . . . . . . . . . . . . . . . . . 9368   ►  
  Net income (loss) before adjustments: Amount 4A minus line 9368 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9369    
     
  Enter your prior year carrying forward fish loss if you have:    
 
 
 
Part 5 – Your net income (loss)
  
  Your share of line 9369 or the amount from your T5013 slip, Statement of Partnership Income  5A
  GST/HST rebate for partners received in the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9974    
Total: Amount 5A plus line 9974    5B
  Other amounts deductible from your share of net partnership income (loss) (amount 6F) . . . . . . . . . . . . . . . . . . . . . . . . . . 9943    
  Net income (loss) after adjustments: Amount 5B minus line 9943 . . .. . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . .  5C
  Business-use-of-home expenses (amount 7P) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9945    
   
  Your net income (loss): Amount 5C minus line 9945 (enter this amount on line 14300 of your income tax and benefit return) 9946    
     
 
 
 
Part 6 – Other amounts deductible from your share of net partnership income (loss)
  
  Claim expenses you incurred that were not included in the partnership statement of income and expenses, and for which the partnership did not reimburse
you. These claims must not be included in the claims already calculated for the partnership.
 
  List details of expenses: Expense amounts
       6A
 
       6B
 
       6C
 
       6D
 
       6E
  Total other amounts deductible from your share of the net partnership income (loss): Add amounts 6A to 6E  
  (enter this on line 9943 of Part 5)    6F
 
 
 
Page 2 of 7
Protected B when completed
 
Part 7 – Calculating business-use-of-home expenses
  
  Heat . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  7A
  Electricity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  7B
  Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  7C
  Maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  7D
  Mortgage interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  7E
  Property taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  7F
  Other expenses (specify):      7G
  Subtotal: Add amounts 7A to 7G    7H
  Personal-use part of the business-use-of-home expenses . . . . . . . . . . . . . . . . . . . . . . .  7I
  Subtotal: Amount 7H minus amount 7I     7J
  Capital cost allowance (business part only), which means amount ii of Area A minus any portion
  of capital cost allowance that is for personal use or entered on line 9936 of Part 4 . . . . . . . . . . . . . .  7K
      Amount carried forward from previous year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  7L
  Subtotal: Add amounts 7J to 7L    7M
  Net income (loss) after adjustments (amount 5C) (if negative, enter "0") . . . . . . . . .  7N
  Business-use-of-home expenses available to carry forward: Amount 7M minus amount 7N  
  (if negative, enter "0") . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  7O
  Allowable claim: Amount 7M or 7N above, whichever is less (enter your share of this amount on line 9945 of Part 5) . . . . . . . . . . . .  7P
 
 
 
Part 8 – Details of other partners
  
  Do not fill in this chart if you must file a partnership information return.
     Share of net income  Percentage of  
       or (loss)    partnership  
  Name $       % 
  and  
  address
 
     Share of net income  Percentage of  
       or (loss)   partnership  
  Name $       % 
  and  
  address
 
     Share of net income  Percentage of  
       or (loss)   partnership  
  Name $       % 
  and  
  address
 
     Share of net income  Percentage of  
       or (loss)   partnership  
  Name $       % 
  and  
  address
 
 
 
Part 9 – Details of equity
  
 
  Total business liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9931  
  Drawings in the current year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9932  
  Capital contributions in the current year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9933  
 
   
Page 3 of 7

Protected B when completed
Area A – Calculation of capital cost allowance (CCA) claim
1 2 3 4 5 6 7** 8 9 10  
Class
number		 Undepreciated
capital cost (UCC)
at the start of the
year		 Cost of additions
in the year
(see Areas B and
C below)		 Cost of additions
from column 3
that are DIEPs
(property must be
available in the
year)

Note 1		 Proceeds of
dispositions
in the year (see
Areas D and E
below)

Note 2		 Proceeds of
dispositions of
DIEP (enter
amount from
col. 5 that relates
to DIEP from
col. 4)		 UCC after
additions
and dispositions
(col. 2 plus col. 3
minus col. 5)		 UCC of DIEP
(col. 4 minus
col. 6)

Note 3		 Immediate
expensing amount
for DIEPs

Note 4		 Cost of remaining
additions after
immediate
expensing (col. 3
minus col. 9)		  
                     
                     
 
                     
 
                     
 
                     
 
                     
 
                     
 
Total immediate expensing claim for the year: Total of column 9    i  
 
11 12 13 14 15 16 17 18 19  
Cost of remaining
additions from
column 10 which
are AIIPs or ZEVs

Note 5		 Remaining UCC
after immediate
expensing (col. 7
minus col. 9)		 Proceeds of
dispositions
available to
reduce additions
of AIIPs and ZEVs
(col. 5 minus
col. 10 plus
col. 11). If
negative, enter "0"		 UCC adjustment
for current-year
additions of AIIPs
and ZEVs
(col. 11 minus
col. 13)
multiplied by the
relevant factor. If
negative, enter "0"

Note 6		 Adjustment for
current-year
additions subject
to the half-year
rule.
1/2 multiplied by
(col. 10 minus
col. 11 minus
col. 5). If
negative, enter "0"		 Base amount
for CCA
(col. 12 plus
col. 14 minus
col. 15)		 CCA
rate
%		 CCA for the year
(col. 16 multiplied
by col. 17 or a
lower amount,
plus col. 9)		 UCC at the end of
the year
(col. 7 minus
col. 18)		  
                   
                   
 
                   
 
                   
 
                   
 
                   
 
                   
 
Total CCA claim for the year: Total of column 18 (enter on line 9936 of Part 4 amount ii  ii
minus any personal part and any CCA for business-use-of-home expenses***)  
 
**  If you have a negative amount in column 7, add it to income as a recapture in Part 3 on line 9600. If no property is left in the class and there is a positive amount in this column, deduct the amount
from income as a terminal loss in Part 4 on line 9270. Recapture and terminal loss do not apply to a Class 10.1 property unless it is a DIEP. For more information, read Chapter 4 of Guide T4002.
*** For information on CCA for "Part 7 – Calculating business-use-of-home expenses," see "Special situations" in Chapter 4 of Guide T4002. To help you calculate the CCA, see the calculation charts
in Areas B to G.
See next page for notes 1 to 6.
 
T2121 E (23) Page 4 of 7  

Protected B when completed
Note 1: Columns 4, 6, 8 and 9 apply only to designated immediate expensing properties (DIEPs). See subsection 1104(3.1) of the federal Income Tax
Regulations for definitions. A DIEP is a property that you acquired after December 31, 2021, and that became available for use in the current year.
For more information, see Guide T4002.
 
Note 2: The proceeds of disposition of a zero-emission passenger vehicle (ZEPV) that has been included in Class 54, or a passenger vehicle bought after
April 18, 2021, that has been included in Class 10.1, and whose cost is more than the prescribed amount will be adjusted based on a factor equal to its
prescribed amount as a proportion of the actual cost of the vehicle. For dispositions after July 29, 2019, you will have to adjust the actual cost of the vehicle
for any payments or repayments of government assistance that you may have received or repaid for the vehicle. If the passenger vehicle in Class 10.1 is
not designated for immediate expensing treatment, this special rule does not apply. For more information on proceeds of disposition and prescribed
amounts, read "Class 10.1 (30%)" and "Class 54 (30%)" in Guide T4002.
 
Note 3: The amount you enter in column 8 must not be more than the amount in column 7. If the amount in column 7 is negative, enter "0."
 
Note 4: The immediate expensing applies to DIEPs included in column 8. The total immediate expensing amount for the tax year (total of column 9) is limited
to the lesser of:
 
• the immediate expensing limit, which is equal to one of the following, whichever is applicable:
 
  - $1.5 million, if you are not associated with any other eligible person or partnership (EPOP) in the tax year
  - amount iii of Area G, if you are associated with one or more EPOPs in the tax year
  - zero, if you are associated with one or more EPOPs and an agreement that assigns a percentage to one or more of the associated EPOPs
was not filed with the minister in a prescribed form
  - any amount allocated by the minister under subsection 1104(3.4) of the Regulations
• the UCC of DIEPs in column 8
• the amount of income, if any, earned from the source of income that is a business (before any CCA deductions) in which the relevant DIEP is
used for the tax year
  For more information, see Guide T4002.
 
Note 5: Columns 11, 13 and 14 apply only to accelerated investment incentive properties (AIIPs) (see subsection 1104(4) of the federal Income Tax Regulations
for the definition), zero-emission vehicles (ZEVs), ZEPVs and other eligible zero-emission automotive equipment and vehicles that become available for
use in the year. In this chart, ZEVs represent zero-emission vehicles, zero-emission passenger vehicles and other eligible zero-emission automotive
equipment and vehicles. An AIIP is a property (other than a ZEV) that you acquired after November 20, 2018, and that became available for use before
2028. A ZEV is a motor vehicle included in Class 54 or 55 that you acquired after March 18, 2019, and that became available for use before 2028, or
eligible zero-emission automotive equipment and vehicles included in Class 56 acquired after March 1, 2020, and that became available for use before
2028. For more information, see Guide T4002.
Note 6: The relevant factors for properties available for use before 2024 are 2 1/3 (Classes 43.1, 54 and 56), 1 1/2 (Class 55), 1 (Classes 43.2 and 53), 0
(Classes 12, 13, 14 and 15) and 1/2 for the remaining AIIPs.
For more information on AIIPs, see Guide T4002 or go to canada.ca/taxes-accelerated-investment-income.
 
Area B – Equipment additions in the year
1 2 3 4 5
Class
number		 Property
description		 Total cost Personal part
(if applicable)		 Business part
(column 3 minus
column 4)
         
 
         
 
         
 
Total equipment additions in the year: Total of column 5  9925
Area C – Building additions in the year
1 2 3 4 5
Class
number		 Property
description		 Total cost Personal part
(if applicable)		 Business part
(column 3 minus
column 4)
         
 
         
 
         
 
Total building additions in the year: Total of column 5  9927
 
Area D – Equipment dispositions in the year
1 2 3 4 5
Class
number		 Property
description		 Proceeds of
disposition (should
not be more than
the capital cost)		 Personal part
(if applicable)		 Business part
(column 3 minus
column 4)
         
 
         
 
         
 
  Total equipment dispositions in the year: Total of column 5  9926
Note: If you disposed of property from your fishing business in the year, see Chapter 4 of Guide T4002 for information about your proceeds of disposition.
   
T2121 E (23) Page 5 of 7
Protected B when completed
 
Area E – Building dispositions in the year
1 2 3 4 5
Class
number		 Property
description		 Proceeds of
disposition (should
not be more than
the capital cost)		 Personal part
(if applicable)		 Business part
(column 3 minus
column 4)
         
 
         
 
         
 
  Total building dispositions in the year: Total of column 5 9928
Note: If you disposed of property from your fishing business in the year, see Chapter 4 of Guide T4002 for information about your proceeds of disposition.
 
Area F – Land additions and dispositions in the year
 
Total cost of all land additions in the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9923  
Total proceeds from all land dispositions in the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9924  
 
Note: You cannot claim capital cost allowance on land. For more information, see Chapter 3 of Guide T4002.
 
Area G – Agreement between associated eligible persons or partnerships (EPOPs)
 
Are you associated in the fiscal period with one or more EPOPs that you have entered into an agreement with under
subsection 1104(3.3) of the Regulations? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No
 
If you answered yes, fill in the table below.
 
Enter the percentage assigned to each associated EPOP (including your business) as determined in the agreement.
 
This percentage will be used to allocate the immediate expensing limit. The total of all percentages assigned under the agreement should not be more than
100%. If the total is more than 100%, then the associated group has an immediate expensing limit of zero. For more information about the immediate
expensing limit, see Guide T4002.
 
1 2 3
Name of the EPOP Identification number

Note 7
 Percentage assigned under the
agreement
 
 
 
 
 
 
 
 
Total of percentage assigned: Total of column 3
 
Immediate expensing limit allocated to your business: Multiply 1.5 million by the percentage assigned to your business in
column 3 (see note 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . iii
 
Note 7: The identification number is the EPOP's social insurance number, business number or partnership account number.
 
Note 8: If the total of column 3 is more than 100%, enter "0."
 
T2121 E (23)   Page 6 of 7

Protected B when completed
 
Chart A – Motor vehicle expenses
  
 
  Kilometres you drove in the tax year to earn fishing income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  1
  Total kilometres you drove in the tax year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  2
 
  Fuel and oil . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  3
  Interest (use Chart B below) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  4
  Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  5
  Licence and registration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  6
  Maintenance and repairs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  7
  Leasing (use Chart C below). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  8
  Electricity for zero-emission vehicles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  9
  Other expenses (specify):      10
       11
  Total motor vehicle expenses: Add amounts 3 to 11    12
 
  Business use part: amount 1: x amount 12: . . . . . . . . . . . . . . . . . . . . . . . . . = 13
  amount 2:  
  Business parking fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
  Supplementary business insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
  Allowable motor vehicle expenses: Add amounts 13 to 15 (enter this total on line 9281 of Part 4) . . . . . . . . . . . . . . . . 16
     
  Note: You can claim capital cost allowance on motor vehicles in Area A.
   
 
Chart B – Available interest expense for passenger vehicles and zero-emission passenger vehicles
  
 
  Total interest payable (accrual method) or paid (cash method) in the fiscal period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
 
  $10**** x the number of days in the fiscal period for which interest . . . . . . . . . . . . . . . = 18
  was payable (accrual method) or paid (cash method)  
  Available interest expense: Amount 17 or 18, whichever is less (include this in amount 4 of Chart A above) . . . . . . . 19
     
  **** For passenger vehicles bought after 2000
 
 
 
Chart C – Eligible leasing cost for passenger vehicles*****
  
 
  Total lease charges incurred in your current fiscal period for the vehicle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
  Total lease payments deducted before your current fiscal period for the vehicle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
  Total number of days the vehicle was leased in your current and previous fiscal periods . . . . . . . . . . 22
  Manufacturer's list price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
  Use a GST rate of 5% or HST rate applicable to your province.
  Amount 23 or ($42,353 + GST and PST, or HST on $42,353), whichever is more (see note 9) x 85%  = 24
 
  [($950 + GST and PST, or $950 + HST) x amount 22] ÷ 30 (see note 10) . . . . . . . . . . . . . . . . . = 25
  Amount 25: - amount 21: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . = 26
 
  [($36,000 + GST and PST, or HST on $36,000) x amount 20] ÷ amount 24 (see note 11) . . . . . . . . . . . . . . . . . . . . . . . = 27
 
  Eligible leasing cost: Amount 26 or 27, whichever is less (enter in amount 8 of Chart A above). . . . . . . . . . . . . . . . . . . . . . . . . . . 28
     
  ***** Includes a vehicle that would qualify as a zero-emission passenger vehicle if you owned it.
  Note 9: For leases entered into in 2022, it's amount 23 or ($40,000 plus GST and PST, or HST on $40,000), whichever is more. For leases entered into
before 2022, it's amount 23 or ($35,294 plus GST and PST, or HST on $35,294), whichever is more.
  Note 10: For leases entered into in 2022, amount 25 is equal to [($900 plus GST and PST, or $900 plus HST) multiplied by amount 22], divided by 30.
For leases entered into before 2022, amount 25 is equal to [($800 plus GST and PST, or $800 plus HST) multiplied by amount 22], divided by 30.
  Note 11: For leases entered into in 2022, amount 27 is equal to [($34,000 plus GST and PST, or $34,000 plus HST) multiplied by amount 20], divided by
amount 24. For leases entered into before 2022, amount 27 is equal to [($30,000 plus GST and PST, or $30,000 plus HST) multiplied by amount 20],
divided by amount 24.
 
See the privacy notice on your return.
 
 
 
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