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Statement of Employment Expenses
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T777
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Use this form to calculate your total employment expenses on line 22900 of your 2023 Income Tax and Benefit Return or 2023 Income Tax and Benefit Return for Non-Residents and Deemed Residents of Canada.
For information on how to complete this form, including the capital cost allowance (depreciation) schedule for employees, see Guide T4044, Employment Expenses. Attach a copy of this form to your paper return.
Software Note
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Use this form only if you are an employee and your employer requires you to pay expenses to earn your employment income.
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Your employer must also complete form T2200, Declaration of Conditions of Employment, in order for you to deduct employment expenses from your income.
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(4) You must calculate your employment-use amount.
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Capital cost allowance (depreciation) schedule for employees
Part A - Classes 8, 10, 54 and 55
| (5) |
Class 8 includes musical instruments. Class 10 includes all vehicles that meet the definition of a motor vehicle, except for a passenger vehicle included in Class 10.1 (see Part B). In this chart, ZEV represents zero-emission vehicles and zero-emission passenger vehicles. A ZEV is a motor vehicle included in Class 54 or 55 that you acquired after March 18, 2019, and became available for use before 2028. A used ZEV acquired after March 1, 2020, that became available for use before 2028 is included in Class 54 or 55. An AIIP is certain property (other than ZEV) that you acquired after November 20, 2018, and became available for use before 2028. See Regulation 1104(4) for the definition of accelerated investment incentive property that may apply to certain additions. For more information, see Guide T4044. |
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| (6) |
This amount must be reduced by the portion of any goods and services tax/harmonized sales tax (GST/HST) rebate received in the year that relates to CCA on the vehicle or musical instrument. |
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(7) |
Columns 4, 7, and 8 apply only to AIIPs and ZEVs that become available for use in the year. |
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| (8) |
The relevant factors for properties available for use before 2024 are 2 1/3 (class 54) and 1 1/2 (class 55) for ZEVs, and 0.5 for the remaining AIIPs. |
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Capital cost allowance (depreciation) schedule for employees (continued)
For information on this schedule and details about Class 10.1 limits, see Guide T4044, Employment Expenses.
For information on accelerated investment incentive, go to canada.ca/taxes-accelerated-investment-income.
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Part B - Class 10.1
- List each passenger vehicle on a separate line.
(9) |
Reduce the amount by the portion of any GST/HST rebate received in the year that relates to CCA on the vehicle. |
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(10) |
If you owned the vehicle in the previous year and still owned it at the end of the current year, enter the amount from column 2 in column 5.
If the vehicle is not an AIIP and you bought the vehicle in the current year and still owned it at the end of the current year, enter 1/2 of the amount from column 3 in column 5.
If the vehicle is an AIIP and you bought the vehicle in the current year and still owned it at the end of the current year, enter 3/2 of the amount from column 3 in column 5.
If you sold the vehicle in the current year and owned the vehicle at the end of the previous year, enter 1/2 of the amount from column 2 in column 5.
If you bought and sold a Class 10.1 vehicle in the current year, enter "0" in column 5.
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| (11) |
Recapture and terminal loss rules do not apply. Enter "0" in column 8 for the year that you sold or traded a class 10.1 vehicle. |
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