1100(1)

Income Tax Folio S3-F4-C1, General Discussion of Capital Cost Allowance

Series 3:  Property, Investments and Savings Plans Folio 4: Capital Cost Allowance Chapter 1: General Discussion of Capital Cost Allowance Summary Capital cost allowance (CCA) replaces accounting depreciation for income tax purposes. A taxpayer who acquires and uses depreciable property to earn income from a business or property is generally entitled to claim a portion of the capital […]

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Notice of Ways and Means Motion November 2018: Accelerated Investment Incentive (CCA)

2018 Fall Economic Statement A portion of the capital cost of a depreciable property is deductible as capital cost allowance (CCA) each year, with the CCA rate for each class of property prescribed in the Income Tax Regulations.  With some exceptions, CCA deductions are claimed by class of property and are calculated on a declining-balance basis.

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IT464R- Capital Cost Allowance – Leasehold Interests

NO: IT-464R DATE: October 25, 1985 SUBJECT: INCOME TAX ACT Capital Cost Allowance – Leasehold Interests REFERENCE: Paragraph 20(1)(a) and subsections 13(5.1) and 20(16) (also subsections 1100(2.1), 1102(4) and (5) and paragraph 1100(1)(b) and Schedule III of the Income Tax Regulations) Application This bulletins replaces and cancels IT-464 dated December 8, 1980. Discussion and Interpretation General ¶

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IT521R- Motor Vehicle Expenses Claimed by Self-Employed Individuals

NO.: IT-521R DATE: December 16, 1996 SUBJECT: INCOME TAX ACT Motor Vehicle Expenses Claimed by Self-Employed Individuals REFERENCE: Paragraph 18(1)(a) (also sections 67, 67.2, 67.3 and 67.4, subsections 13(2), 20(16.1), and the definitions of “passenger vehicle,” “automobile” and “motor vehicle” in subsection 248(1), and paragraphs 13(7)(g), 13(7)(h), 18(1)(h) and 85(1)(e.4) of the Income Tax Act; and section

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Income Tax Folio S4-F15-C1, Manufacturing and Processing

Income Tax Folio S4-F15-C1, Manufacturing and Processing Series 4: Businesses Folio 15: Manufacturing and Research & Development Chapter 1: Manufacturing and Processing Summary Section 125.1 provides for the taxation of corporations at a reduced rate on their Canadian manufacturing and processing profits. This takes the form of a deduction from Part I tax otherwise payable and is an amount

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IT481- Timber Resource Property and Timber Limits

NO: IT-481 (Consolidated) DATE: See Bulletin Revisions section SUBJECT: INCOME TAX ACT Timber Resource Property and Timber Limits REFERENCE: The definition of “timber resource property” in subsection 13(21) of the Income Tax Act (the “Act”); and subsection 1101(3), paragraph 1100(1)(e), Class 33 of Schedule II and Schedule VI of the Income Tax Regulations (the “Regulations”) (also the definition of “undepreciated capital cost”

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IT267R2- Capital Cost Allowance – Vessels

NO.: IT-267R2 DATE: February 28, 1995 SUBJECT: INCOME TAX ACT Capital Cost Allowance — Vessels REFERENCE: Paragraph 20(1)(a) (also subsections 13(1), 13(4), 13(14), 13(16) and 13(17) and the definitions of “conversion,” “conversion cost” and “vessel” in subsection 13(21)) of the Income Tax Act and subsections 1100(16), 1101(2a), 1101(2b), 1102(14), 1102(14.1) and 1102(20), paragraphs 1100(1)(v) and 1100(1)(va), and classes 7

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