Fixed Assets, Tracked the Way Canadian Tax Filing Actually Requires
Acquire an asset, track it against the right CCA class, and calculate Capital Cost Allowance by class and tax year — the calculation that actually feeds your T2125 or corporate return, not a generic straight-line depreciation guess.
Intro
Fixed asset tracking in a lot of small-business software means a spreadsheet listing purchase prices with a rough depreciation formula — useful for internal reporting, not for a Canadian tax filing. Duzeno tracks assets against real CCA classes and calculates Capital Cost Allowance the way it needs to be calculated for CRA purposes.
What you can do
Acquire and dispose of assets properly
Record an asset acquisition with the details that matter for tax purposes, and record a disposal with proceeds — so gain/loss on disposal is calculated from real numbers, not reconstructed after the fact.
CCA calculated by class and year
Run Capital Cost Allowance calculations for a specific CCA class and tax year, or calculate all classes for a year in one pass — matching how CCA actually needs to be reported, class by class, not asset by asset.
A full asset list, filterable by class
List assets by CCA class, or filter to active assets only — useful both for day-to-day tracking and when it's time to pull the numbers together for a filing.
Who this is for
Any Canadian business with capital assets — equipment, vehicles, computers, furniture — that needs CCA calculated correctly for tax filing, not just a depreciation estimate for internal use.
FAQ
- Does this calculate CCA the way the CRA expects?
- Yes — calculations run by CCA class and tax year, matching how Capital Cost Allowance is actually structured and reported on a Canadian return.
- What happens when I dispose of an asset?
- Record the disposal date and proceeds, and the disposal is tracked against the asset properly rather than the asset just being deleted from a list.
- Can I calculate CCA for every asset class at once?
- Yes — there's a bulk calculation that runs all CCA classes for a given tax year in one pass, in addition to calculating a single class.
Contact
Questions about fixed assets or CCA? support@duzeno.com. Sales/general: info@duzeno.com.