Tags: Capital Cost Allowance (CCA)

What is Capital Cost Allowance (CCA)?

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What is Capital Cost Allowance (CCA)?

Capital Cost Allowance (CCA) is a tax deduction that helps Canadians cover the cost of an asset’s depreciation over time. Capital expenses can include investments such as buildings, furniture, and equipment used for business or professional activities.

In this article, we will cover how to claim CCA on motor vehicles and rental properties.