| 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. |
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| 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. |
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| 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: |
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| • | 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 |
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| - | 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 |
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| 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. |
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| 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. |
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| 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) |
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| 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) |
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| 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) |
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| Total equipment dispositions in the year: Total of column 5 | 9926 | |||||||||||||||
| Note: If you disposed of property in the year, see Chapter 4 of Guide T4002 for information about your proceeds of disposition. | ||||||||||||||||
| T2125 E (23) | Page 6 of 8 | |||||||||||||||
| 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) |
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| Total building dispositions in the year: Total of column 5 | 9928 | |||||||||||||||
| Note: If you disposed of property 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. |
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| 1 | 2 | 3 | ||||||||||||||
| Name of the EPOP | Identification number Note 7 |
Percentage assigned under the agreement |
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| 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." | ||||||||||||||||
| T2125 E (23) | Page 7 of 8 | |||||||||||||||