20(16)

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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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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IT522R – Vehicle, Travel and Sales Expenses of Employees

INTERPRETATION BULLETIN SUBJECT: INCOME TAX ACT Vehicle, Travel and Sales Expenses of Employees DATE: March 29, 1996 NO: IT-522R REFERENCE: Paragraphs 8(1)(f), 8(1)(h), 8(1)(h.1) and 8(1)(j) (also sections 67.1, 67.2, 67.3 and 67.4, subsections 6(6), 8(4), 8(9), 8(10), 13(2), 13(7), 13(11), 20(16), 20(16.1), 70(5), 70(6), 81(3.1) and the definitions of “passenger vehicle,” “automobile” and “motor vehicle” …

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IT288R2- Gifts of Capital Properties to a Charity and Others

NO: IT-288R2 DATE: January 16, 1995 SUBJECT: INCOME TAX ACT Gifts of Capital Properties to a Charity and Others REFERENCE: Subsections 110.1(3) and 118.1(6) (also subsections 13(1), 20(16), 110.1(1), 118.1(1), 118.1(4) and 118.1(7), paragraphs 69(1)(b) and 70(5)(a) of the Income Tax Act and sections 3501 and 3504 of the Income Tax Regulations) Application This bulletin cancels …

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