CAPITAL COST ALLOWANCE (CCA)
What is a CCA?
Capital Cost Allowance is (CCA) is a yearly deduction in the Canadian income tax code that can be claimed on depreciable assets. ... CCA does not apply to expenses such as business supplies. CCA is generally calculated based on the declining balance method.
Example: Renovations, Waching Machine, Rental Equipments has it's own class given by the CRA for the purpose of calculating CCA.
To find out more about CCA classes click on the link below
Click Here To Find Out CCA Classes
Capital Cost Allowance is (CCA) is a yearly deduction in the Canadian income tax code that can be claimed on depreciable assets. ... CCA does not apply to expenses such as business supplies. CCA is generally calculated based on the declining balance method.
Example: Renovations, Waching Machine, Rental Equipments has it's own class given by the CRA for the purpose of calculating CCA.
To find out more about CCA classes click on the link below
Click Here To Find Out CCA Classes
