Depreciation Tools

ITR Depreciation: Rental Property - Capital Allowance
To get it into a rental worksheet on the tax form the user has to link it under Capital Allowances section. Need a Depreciation Report for a Rental Propert...
Thu, 1 Aug, 2024 at 1:25 PM
ITR Depreciation: Capital Allowance Asset as Work Related Expense
Make sure to complete the following information to avoid error in the forms. Setting -> General  Setting  -> Contact Details To Add ITR Form Go to...
Mon, 21 Apr, 2025 at 11:39 AM
ITR Depreciation: Work Related Expense + Private use for Individual Tax Return
How to separate depreciation 80% business and 20% Work Related use Options: Option 1 - Via LodgeiT Depreciation "Tools" Option 2 - Direct Fi...
Fri, 2 Aug, 2024 at 1:21 PM
Applying "Car Cost Limit" for Depreciation
The car cost limit is the maximum amount that can be used as the vehicle’s cost base for calculating depreciation claims. Key Points to Remember The car ...
Fri, 10 Oct, 2025 at 2:47 PM
FAQ: Pre 2014 Cars/Vehicle Depreciation Reduction
Question: the error flag below, when inputting a new asset purchase did not seem correct; I understand that a MV write off may be allowed with exception of ...
Tue, 1 Dec, 2020 at 7:53 AM
Motor vehicle with cost higher than the car limit and applying GST
Question: How GST applies for Motor Vehicle with higher than the car limit? Solution: ie, For GST registered, it is $52,346 since the GST of $523.60 wil...
Sun, 28 Aug, 2022 at 5:26 PM
Low Value Pool (Business Related)
First step is to configure the depreciation settings, learn more. Make sure to complete the following information to avoid error in the forms. Setting -&g...
Mon, 21 Apr, 2025 at 11:21 AM
ITR Depreciation: Low Value Pool Depreciation (D6) in Individual Tax Return Financial Investments
Adding Low Value Pool Financial Investments Option 1 - Via LodgeiT Depreciation "Tools" Option 2 - Direct Fill Option 1 - Via LodgeiT Depr...
Fri, 2 Aug, 2024 at 2:24 PM
ITR Depreciation: Expense > SBE > P10
Question:  The depreciation expenses show at P10 as an immediate write-off, it does not get deducted as business expenses, in other words, it has to be inpu...
Wed, 14 Aug, 2024 at 9:44 AM
TTR/PTR Depreciation: Using SBE General Pool and Immediate Write Off in Trust or Partnership Tax Return
This video demonstrates methods for -  Setting a start date. Learn more Adding the General Pool Group Adding the General Pool with an opening balance ...
Sat, 6 Nov, 2021 at 4:17 PM