Knowledge (XXG)

Capital Cost Allowance

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1665: 1242: 1660:{\displaystyle {\begin{aligned}PV&={\frac {1}{2}}\left({\frac {Itd}{i+d}}\right)+{\frac {1}{2}}\left({\frac {Itd}{i+d}}\right)\left({\frac {1}{1+i}}\right)\\&={\frac {Itd}{i+d}}\left\\&={\frac {Itd}{i+d}}\left\\&=\left({\frac {Itd}{i+d}}\right)\left({\frac {1+{\frac {1}{2}}i}{1+i}}\right)\\\end{aligned}}} 360:
provides for the calculation rules for CCA, and Schedule II outlines the various classes of capital property that are eligible for it. Special rules are in place to deem certain assets to be in separate classes, thus not becoming part of the general pool for the class. Certain elections are available
1789:
In cases where claims have been contested or disallowed by the Canada Revenue Agency, the Supreme Court of Canada has interpreted the Capital Cost Allowance in a fairly broad manner, allowing deductions on property which was owned for a very brief period of time, and property which is leased back to
675:
Because assets subject to CCA are generally pooled by class, and CCA is generally calculated on a declining-balance basis, specific techniques have been developed to determine the net present after-tax value of such capital investments. For standard scenarios under the full-year rule and half-year
663:
In contrast to the practice followed in the United States for depreciation there is no penalty for failing to claim Capital Cost Allowance. Where a taxpayer claims less than the amount of CCA to which he is entitled the pool remains intact, and available for claims in future years. Unclaimed
109:, in the case of a property a taxpayer manufactures for his own use, it includes material, labour and overhead costs reasonably attributable to the property, but nothing for any profit which might have been earned had the asset been sold 348:
paragraph 18(1)(b) prohibits the deduction of any outlay, loss or replacement of capital, payment on account of capital or any allowance for depreciation, obsolescence or depletion, unless specifically allowed in Part I of the
1105: 2529: 2496: 730:
scenarios where disposal values at a future date are part of the appraisal calculation, leading to a deduction from the capital cost pool, a recapture of depreciation, or the calculation of a taxable capital
84:
property that is a camp, yacht, lodge or golf course or facility acquired after December 31, 1974 if any outlay or expense for the use or maintenance of that property is not deductible by virtue of paragraph
331: 135:
is deemed to take place, thus adding to taxable income and bringing the balance of UCC back to zero. Where UCC for a class is positive, but all assets with respect to that class have been disposed of, a
1247: 592:
Eligible machinery and equipment used in Canada to manufacture and process goods for sale or lease, acquired after March 18, 2007, and before 2016 that would otherwise be included in Class 43.
1228: 1165: 1000: 352:
paragraph 20(1)(a) allows a deduction, in computing the income from a business or property, of any amount allowed by regulation in respect of the capital cost of a property.
933: 874: 239: 2402: 823: 482:
Automobiles (including passenger vehicles costing less than $ 30,000, trucks, vans, etc. - but not taxis), computer equipment and systems software for that equipment
1780: 2088: 2056: 2024: 1992: 1947: 779: 460:
Assets not included in other classes (common examples include furniture, equipment not used for manufacturing and processing, and tools costing more than $ 500)
1929: 2502: 2363: 2120: 493:
Passenger vehicles costing more than $ 30,000 (including taxes). Each vehicle must be kept in a separate class, and no terminal loss may be claimed.
2269: 1790:
the vendor from which it originated. These decisions demonstrate the flexibility of the Capital Cost Allowance as a legal tax reduction strategy.
393:
provides for specialized calculation rules for CCA with respect to capital property acquired for use in earning income from farming and fishing.
364:
Additional allowances are prescribed with respect to specified circumstances. Specialized calculations for certain classes are also outlined in:
657:
Computer equipment and systems software acquired after January 27, 2009 and before February 2011. Only applies to new equipment used in Canada.
1005: 2524: 2331: 1856: 2371: 2314: 167:= the proportion of days in the current fiscal period vs a normal fiscal period, if the current fiscal period is a stub, otherwise 1 248: 1237:
For capital investments where CCA is calculated under the half-year rule, the CCA tax shield calculation is modified as follows:
2388: 185:= proceeds of disposition with respect to the property in the current fiscal period (but not greater than its original cost) 2395: 1808: 2647: 2575: 603:
Manufacturing and processing equipment not included in class 29 - may be kept in separate classes by filing an election
1174: 2642: 2092: 2060: 2028: 1996: 1951: 401:
CCA is calculated under the half-year rule, except where otherwise specified, with respect to the following classes.
78:
property that was acquired by an expenditure in respect of which the taxpayer is allowed a deduction under section 37
1933: 2570: 2581: 727:
assets that are deemed to constitute a separate class of property, thus not becoming part of a capital cost pool
121:
any assistance (including tax credits) the taxpayer has received with respect to the acquisition of the property
2604: 2565: 2553: 2484: 2478: 2460: 2124: 2236: 2138: 2428: 2350: 1816: 191:= assistance received with respect to the property in the current fiscal period (net of any repayments made) 2449: 1118: 2616: 2598: 2466: 2423: 1799: 140:
is deemed to take place, thus deducting from taxable income and bringing the balance of UCC back to zero.
2610: 2106: 2652: 2490: 2276: 1811: 1110: 2280: 2472: 2454: 2306: 2252: 97:
the capital cost of property that is acquired or made available for use (whichever is the later date)
951: 887: 375:
Schedule IV for property in Class 15 (property for cutting and removing timber from a timber limit)
49:(Canada). Similar allowances are in effect for calculating taxable income for provincial purposes. 834: 379: 35: 2444: 624:
Computer equipment and systems software acquired after March 22, 2004 and before March 19, 2007
200: 2559: 2367: 2310: 668: 790: 2300: 1899: 1674: 115:
the proceeds of disposition for a sold asset (but no greater than its original capital cost)
2335: 1860: 708: 2010: 1669:
Therefore, the net present after-tax value of a capital investment is determined to be:
761: 2074: 2042: 17: 2636: 2163: 39: 515:
video-cassettes, video-laser discs, and digital video disks for short-term rental
563: 941: 2332:"Interpretation Bulletin IT-285R2: Capital Cost Allowance - General Comments" 161:= undepreciated capital cost before claiming CCA in the current fiscal period 103:
legal, accounting, engineering or other fees incurred to acquire the property
75:
property that was not acquired for the purpose of gaining or producing income
369: 533:
a motion picture film or video tape that is a television commercial message
506:
medical or dental instruments and kitchen utensils, costing less than $ 500
69:
property the cost of which is deductible in computing the taxpayer's income
711:, rate of interest, or minimum rate of return (whichever is most relevant) 2380: 361:
to taxpayers to transfer or reclassify assets from one class to another.
1100:{\displaystyle Itd\sum _{n=1}^{\infty }{\frac {(1-d)^{n-1}}{(1+i)^{n}}}} 589:
50% straight-line (effectively allocated 25%-50%-25% over three years)
42: 1169:
The net present after-tax value of a capital investment then becomes:
646:
Computer equipment and systems software acquired after March 18, 2007
567: 449:
Canoes and boats (including their fittings, furniture and equipment)
385:
Schedule VI for property relating to timber limits and cutting rights
2107:"IT-481 (Consolidated): Timber Resource Property and Timber Limits" 1804: 1002:, and the present value of the taxation credits will be equal to 512:
computer software (except systems software, which is in class 10)
1857:"IT-478R2: Capital Cost Allowance - Recapture and Terminal Loss" 2384: 179:= acquisition cost of the property in the current fiscal period 148:
CCA itself is generally calculated using the following items:
2360:
A Practical Approach to the Appraisal of Capital Expenditures
81:
specified artwork and crafts acquired after November 12, 1981
326:{\displaystyle CCA=tdUCC-{\frac {1}{2}}td\left(a-b-c\right)} 2075:"IT-492: Capital Cost Allowance - Industrial Mineral Mines" 724:
assets with non-standard rate calculations (i.e. Class 29)
676:
rule models, the following standard items are employed:
2011:"IT-464R: Capital Cost Allowance - Leasehold Interests" 715:
More specialized analysis would need to be applied to:
742:
Capital cost allowance will be calculated as follows:
155:= capital cost allowance for the current fiscal period 72:
property that is described in the taxpayer's inventory
1677: 1245: 1177: 1121: 1008: 954: 890: 837: 793: 764: 635:
Data network equipment acquired after March 22, 2004
251: 203: 127:
any CCA previously claimed with respect to the class
2591: 2546: 2539: 2511: 2437: 2416: 1109:As this is an example of a converging series for a 721:
assets with specific lives (i.e. Classes 13 and 14)
1774: 1659: 1222: 1159: 1099: 994: 927: 868: 817: 773: 325: 233: 173:= the specified CCA rate with respect to the class 2043:"IT-501: Capital Cost Allowance - Logging Assets" 1223:{\displaystyle I\left(1-{\frac {td}{i+d}}\right)} 2530:Scientific Research and Experimental Development 536:a certified feature film or certified production 1807:- Modified Accelerated Cost Recovery System - 546:Original lease period plus one renewal period 2396: 8: 1113:, this can be simplified further to become: 560:Length of life of property (full-year rule) 62:Capital property eligible for CCA excludes: 2364:Society of Management Accountants of Canada 2543: 2403: 2389: 2381: 2358:C. Geoffrey Edge; V. Bruce Irvine (1981). 2220: 2208: 2196: 397:Typical classes of assets for CCA purposes 243:For assets subject to the half-year rule: 195:For assets subject to the full-year rule: 1736: 1727: 1696: 1676: 1622: 1613: 1579: 1537: 1505: 1502: 1472: 1434: 1421: 1390: 1358: 1324: 1310: 1277: 1263: 1246: 1244: 1192: 1176: 1131: 1120: 1088: 1058: 1039: 1033: 1022: 1007: 980: 953: 913: 889: 860: 836: 792: 763: 282: 250: 202: 131:Where the UCC for a class is negative, a 45:for calculating taxable income under the 1916: 1843: 744: 530:the cutting or shaping part in a machine 406: 93:("UCC"), which is generally defined as: 1827: 548:(Minimum 5 years and Maximum 40 years) 368:Schedule III for property in Class 13 ( 664:amounts are not subject to recapture. 613:Patents acquired after April 26, 1993 2249:Canada Trustco Mortgage Co. v. Canada 1160:{\displaystyle PV={\frac {Itd}{i+d}}} 552:Improvements made to leased premises 7: 2270:"PRB 06-06E: Capital Cost Allowance" 689:= CCA rate per year for tax purposes 378:Schedule V for property relating to 2255:, 2 SCR 601 (19 October 2005) 1034: 527:a die, jig, pattern, mould or last 25: 2503:Labour-sponsored funds tax credit 2139:"Classes of depreciable property" 1904:(R.S.C., 1985, c. 1 (5th Supp.))" 53:General rules for CCA calculation 2302:Capital Cost Allowance in Canada 2512:Major deductions and incentives 2239:, 2 SCR 336 (26 June 1997) 2438:Major tax credits and benefits 2268:Sheena Starky (3 April 2006). 2164:"Capital Cost Allowance Rates" 1085: 1072: 1055: 1042: 995:{\displaystyle Itd(1-d)^{n-1}} 977: 964: 910: 897: 857: 844: 812: 800: 438:Building acquired before 1988 427:Buildings acquired after 1987 1: 2571:Children’s fitness tax credit 2233:Hickman Motors Ltd. v. Canada 928:{\displaystyle Id(1-d)^{n-1}} 509:tools costing less than $ 500 2576:Universal child care benefit 669:Capital investment appraisal 869:{\displaystyle Id(1-d)^{2}} 2669: 2617:Workers Income Tax Benefit 91:undepreciated capital cost 2605:Public Transit Tax Credit 2582:Working Income Supplement 2566:Children’s art tax credit 2305:(2nd ed.). Toronto: 497: 234:{\displaystyle CCA=tdUCC} 133:recapture of depreciation 2554:Canada Child Tax Benefit 2485:Climate action incentive 2479:Child Disability Benefit 2461:Canada Employment Credit 34:) is the means by which 2187:ITR, s. 1100(2)(a)(iii) 1817:Capital cost tax factor 818:{\displaystyle Id(1-d)} 2519:Capital Cost Allowance 2467:Canada workers benefit 2429:Corporate income taxes 2424:Income taxes in Canada 2411:Income taxes in Canada 2221:Edge & Irvine 1981 2209:Edge & Irvine 1981 2197:Edge & Irvine 1981 1800:Income taxes in Canada 1776: 1775:{\displaystyle I\left} 1661: 1224: 1161: 1101: 1038: 996: 929: 870: 819: 775: 654:100% (full-year rule) 522:100% (half-year rule) 501:100% (full-year rule) 391:Income Tax Regulations 358:Income Tax Regulations 327: 235: 28:Capital Cost Allowance 18:Capital cost allowance 2497:Investment Tax Credit 2491:Disability Tax Credit 2450:Basic personal amount 2277:Library of Parliament 2143:Canada Revenue Agency 1812:Internal Revenue Code 1777: 1662: 1225: 1162: 1111:geometric progression 1102: 1018: 997: 930: 871: 820: 776: 328: 236: 89:CCA is calculated on 38:businesses may claim 2599:Education Tax Credit 2473:Caregiver tax credit 2455:Canada Child Benefit 2307:CCH Canadian Limited 2299:Rose Filice (2005). 1675: 1243: 1175: 1119: 1006: 952: 888: 835: 791: 762: 249: 201: 2648:Capital gains taxes 2611:Textbook Tax Credit 2353:. 27 November 2019. 2109:. 27 November 2019. 2077:. 27 November 2019. 2045:. 27 November 2019. 2013:. 27 November 2019. 2643:Taxation in Canada 1993:"ITR Schedule III" 1772: 1657: 1655: 1220: 1157: 1097: 992: 925: 866: 815: 774:{\displaystyle Id} 771: 695:= rate of taxation 380:industrial mineral 336:Types of allowance 323: 231: 2630: 2629: 2626: 2625: 2560:Child Tax Benefit 2211:, pp. 64–65. 2089:"ITR Schedule VI" 2025:"ITR Schedule IV" 1948:"ITR Schedule II" 1761: 1744: 1717: 1647: 1630: 1603: 1559: 1545: 1513: 1496: 1455: 1443: 1429: 1414: 1374: 1348: 1318: 1301: 1271: 1213: 1155: 1095: 938: 937: 701:= number of years 661: 660: 389:Part XVII of the 290: 16:(Redirected from 2660: 2544: 2405: 2398: 2391: 2382: 2377: 2354: 2346: 2344: 2343: 2334:. Archived from 2327: 2325: 2323: 2295: 2293: 2291: 2285: 2279:. Archived from 2274: 2256: 2246: 2240: 2230: 2224: 2218: 2212: 2206: 2200: 2194: 2188: 2185: 2179: 2178: 2176: 2174: 2160: 2154: 2153: 2151: 2149: 2135: 2129: 2128: 2123:. Archived from 2117: 2111: 2110: 2103: 2097: 2096: 2091:. Archived from 2085: 2079: 2078: 2071: 2065: 2064: 2059:. Archived from 2057:"ITR Schedule V" 2053: 2047: 2046: 2039: 2033: 2032: 2027:. Archived from 2021: 2015: 2014: 2007: 2001: 2000: 1995:. Archived from 1989: 1983: 1980: 1974: 1971: 1965: 1962: 1956: 1955: 1950:. Archived from 1944: 1938: 1937: 1932:. Archived from 1926: 1920: 1914: 1908: 1907: 1896: 1890: 1887: 1881: 1878: 1872: 1871: 1869: 1868: 1859:. Archived from 1853: 1847: 1841: 1835: 1832: 1781: 1779: 1778: 1773: 1771: 1767: 1766: 1762: 1760: 1749: 1745: 1737: 1728: 1722: 1718: 1716: 1705: 1697: 1666: 1664: 1663: 1658: 1656: 1652: 1648: 1646: 1635: 1631: 1623: 1614: 1608: 1604: 1602: 1591: 1580: 1568: 1564: 1560: 1558: 1547: 1546: 1538: 1533: 1529: 1514: 1506: 1503: 1497: 1495: 1484: 1473: 1465: 1461: 1457: 1456: 1454: 1436: 1435: 1430: 1422: 1415: 1413: 1402: 1391: 1383: 1379: 1375: 1373: 1359: 1353: 1349: 1347: 1336: 1325: 1319: 1311: 1306: 1302: 1300: 1289: 1278: 1272: 1264: 1229: 1227: 1226: 1221: 1219: 1215: 1214: 1212: 1201: 1193: 1166: 1164: 1163: 1158: 1156: 1154: 1143: 1132: 1106: 1104: 1103: 1098: 1096: 1094: 1093: 1092: 1070: 1069: 1068: 1040: 1037: 1032: 1001: 999: 998: 993: 991: 990: 934: 932: 931: 926: 924: 923: 875: 873: 872: 867: 865: 864: 824: 822: 821: 816: 780: 778: 777: 772: 745: 407: 332: 330: 329: 324: 322: 318: 291: 283: 240: 238: 237: 232: 58:Capital property 21: 2668: 2667: 2663: 2662: 2661: 2659: 2658: 2657: 2633: 2632: 2631: 2622: 2587: 2535: 2507: 2433: 2412: 2409: 2374: 2357: 2349: 2341: 2339: 2330: 2321: 2319: 2317: 2309:. p. 833. 2298: 2289: 2287: 2286:on 7 March 2010 2283: 2272: 2267: 2264: 2262:Further reading 2259: 2247: 2243: 2237:1997 CanLII 357 2231: 2227: 2219: 2215: 2207: 2203: 2195: 2191: 2186: 2182: 2172: 2170: 2162: 2161: 2157: 2147: 2145: 2137: 2136: 2132: 2121:"ITR Part XVII" 2119: 2118: 2114: 2105: 2104: 2100: 2087: 2086: 2082: 2073: 2072: 2068: 2055: 2054: 2050: 2041: 2040: 2036: 2023: 2022: 2018: 2009: 2008: 2004: 1991: 1990: 1986: 1981: 1977: 1972: 1968: 1963: 1959: 1946: 1945: 1941: 1928: 1927: 1923: 1915: 1911: 1898: 1897: 1893: 1888: 1884: 1879: 1875: 1866: 1864: 1855: 1854: 1850: 1842: 1838: 1833: 1829: 1825: 1796: 1787: 1750: 1729: 1723: 1706: 1698: 1692: 1685: 1681: 1673: 1672: 1654: 1653: 1636: 1615: 1609: 1592: 1581: 1575: 1566: 1565: 1548: 1519: 1515: 1504: 1498: 1485: 1474: 1463: 1462: 1444: 1420: 1416: 1403: 1392: 1381: 1380: 1363: 1354: 1337: 1326: 1320: 1290: 1279: 1273: 1256: 1241: 1240: 1235: 1202: 1194: 1185: 1181: 1173: 1172: 1144: 1133: 1117: 1116: 1084: 1071: 1054: 1041: 1004: 1003: 976: 950: 949: 940:Therefore, the 909: 886: 885: 856: 833: 832: 789: 788: 760: 759: 751:Calculated CCA 740: 709:cost of capital 673: 671:under CCA rules 570:, and Licences 566:, Concessions, 404: 399: 356:Part XI of the 338: 302: 298: 247: 246: 199: 198: 146: 144:CCA calculation 60: 55: 23: 22: 15: 12: 11: 5: 2666: 2664: 2656: 2655: 2650: 2645: 2635: 2634: 2628: 2627: 2624: 2623: 2621: 2620: 2614: 2608: 2602: 2595: 2593: 2589: 2588: 2586: 2585: 2579: 2573: 2568: 2563: 2557: 2550: 2548: 2541: 2537: 2536: 2534: 2533: 2527: 2525:RRSP deduction 2522: 2515: 2513: 2509: 2508: 2506: 2505: 2500: 2494: 2488: 2482: 2476: 2470: 2464: 2458: 2452: 2447: 2441: 2439: 2435: 2434: 2432: 2431: 2426: 2420: 2418: 2414: 2413: 2410: 2408: 2407: 2400: 2393: 2385: 2379: 2378: 2372: 2355: 2347: 2328: 2315: 2296: 2263: 2260: 2258: 2257: 2241: 2225: 2213: 2201: 2189: 2180: 2155: 2130: 2127:on 2015-09-22. 2112: 2098: 2095:on 2012-12-24. 2080: 2066: 2063:on 2012-12-24. 2048: 2034: 2031:on 2012-12-24. 2016: 2002: 1999:on 2012-12-24. 1984: 1982:ITR s. 1100(1) 1975: 1966: 1957: 1954:on 2012-12-24. 1939: 1936:on 2012-12-27. 1921: 1909: 1902:Income Tax Act 1891: 1889:ITR s. 1100(2) 1882: 1880:ITR s. 1100(1) 1873: 1848: 1836: 1826: 1824: 1821: 1820: 1819: 1814: 1802: 1795: 1792: 1786: 1783: 1770: 1765: 1759: 1756: 1753: 1748: 1743: 1740: 1735: 1732: 1726: 1721: 1715: 1712: 1709: 1704: 1701: 1695: 1691: 1688: 1684: 1680: 1651: 1645: 1642: 1639: 1634: 1629: 1626: 1621: 1618: 1612: 1607: 1601: 1598: 1595: 1590: 1587: 1584: 1578: 1574: 1571: 1569: 1567: 1563: 1557: 1554: 1551: 1544: 1541: 1536: 1532: 1528: 1525: 1522: 1518: 1512: 1509: 1501: 1494: 1491: 1488: 1483: 1480: 1477: 1471: 1468: 1466: 1464: 1460: 1453: 1450: 1447: 1442: 1439: 1433: 1428: 1425: 1419: 1412: 1409: 1406: 1401: 1398: 1395: 1389: 1386: 1384: 1382: 1378: 1372: 1369: 1366: 1362: 1357: 1352: 1346: 1343: 1340: 1335: 1332: 1329: 1323: 1317: 1314: 1309: 1305: 1299: 1296: 1293: 1288: 1285: 1282: 1276: 1270: 1267: 1262: 1259: 1257: 1255: 1252: 1249: 1248: 1234: 1233:Half-year rule 1231: 1218: 1211: 1208: 1205: 1200: 1197: 1191: 1188: 1184: 1180: 1153: 1150: 1147: 1142: 1139: 1136: 1130: 1127: 1124: 1091: 1087: 1083: 1080: 1077: 1074: 1067: 1064: 1061: 1057: 1053: 1050: 1047: 1044: 1036: 1031: 1028: 1025: 1021: 1017: 1014: 1011: 989: 986: 983: 979: 975: 972: 969: 966: 963: 960: 957: 936: 935: 922: 919: 916: 912: 908: 905: 902: 899: 896: 893: 883: 877: 876: 863: 859: 855: 852: 849: 846: 843: 840: 830: 826: 825: 814: 811: 808: 805: 802: 799: 796: 786: 782: 781: 770: 767: 757: 753: 752: 749: 739: 738:Full-year rule 736: 735: 734: 733: 732: 728: 725: 722: 713: 712: 702: 696: 690: 684: 672: 666: 659: 658: 655: 652: 648: 647: 644: 641: 637: 636: 633: 630: 626: 625: 622: 619: 615: 614: 611: 609: 605: 604: 601: 598: 594: 593: 590: 587: 583: 582: 579: 576: 572: 571: 561: 558: 554: 553: 550: 544: 540: 539: 538: 537: 534: 531: 528: 523: 519: 518: 517: 516: 513: 510: 507: 502: 499: 495: 494: 491: 488: 484: 483: 480: 477: 473: 472: 469: 466: 462: 461: 458: 455: 451: 450: 447: 444: 440: 439: 436: 433: 429: 428: 425: 422: 418: 417: 414: 411: 398: 395: 387: 386: 383: 376: 373: 354: 353: 350: 342:Income Tax Act 337: 334: 321: 317: 314: 311: 308: 305: 301: 297: 294: 289: 286: 281: 278: 275: 272: 269: 266: 263: 260: 257: 254: 230: 227: 224: 221: 218: 215: 212: 209: 206: 193: 192: 186: 180: 174: 168: 162: 156: 145: 142: 129: 128: 122: 116: 110: 104: 98: 87: 86: 82: 79: 76: 73: 70: 67: 59: 56: 54: 51: 47:Income Tax Act 24: 14: 13: 10: 9: 6: 4: 3: 2: 2665: 2654: 2651: 2649: 2646: 2644: 2641: 2640: 2638: 2618: 2615: 2612: 2609: 2606: 2603: 2600: 2597: 2596: 2594: 2590: 2583: 2580: 2577: 2574: 2572: 2569: 2567: 2564: 2561: 2558: 2555: 2552: 2551: 2549: 2545: 2542: 2538: 2531: 2528: 2526: 2523: 2520: 2517: 2516: 2514: 2510: 2504: 2501: 2498: 2495: 2492: 2489: 2486: 2483: 2480: 2477: 2474: 2471: 2468: 2465: 2462: 2459: 2456: 2453: 2451: 2448: 2446: 2443: 2442: 2440: 2436: 2430: 2427: 2425: 2422: 2421: 2419: 2415: 2406: 2401: 2399: 2394: 2392: 2387: 2386: 2383: 2375: 2373:0-920212-29-8 2369: 2365: 2361: 2356: 2352: 2351:"CCA Classes" 2348: 2338:on 2013-05-14 2337: 2333: 2329: 2318: 2316:1-55367-511-8 2312: 2308: 2304: 2303: 2297: 2282: 2278: 2271: 2266: 2265: 2261: 2254: 2250: 2245: 2242: 2238: 2234: 2229: 2226: 2223:, p. 65. 2222: 2217: 2214: 2210: 2205: 2202: 2199:, p. 64. 2198: 2193: 2190: 2184: 2181: 2169: 2165: 2159: 2156: 2144: 2140: 2134: 2131: 2126: 2122: 2116: 2113: 2108: 2102: 2099: 2094: 2090: 2084: 2081: 2076: 2070: 2067: 2062: 2058: 2052: 2049: 2044: 2038: 2035: 2030: 2026: 2020: 2017: 2012: 2006: 2003: 1998: 1994: 1988: 1985: 1979: 1976: 1970: 1967: 1961: 1958: 1953: 1949: 1943: 1940: 1935: 1931: 1930:"ITR Part XI" 1925: 1922: 1918: 1917:IT-285R2 1994 1913: 1910: 1905: 1903: 1895: 1892: 1886: 1883: 1877: 1874: 1863:on 2013-05-14 1862: 1858: 1852: 1849: 1845: 1844:IT-285R2 1994 1840: 1837: 1831: 1828: 1822: 1818: 1815: 1813: 1810: 1806: 1803: 1801: 1798: 1797: 1793: 1791: 1784: 1782: 1768: 1763: 1757: 1754: 1751: 1746: 1741: 1738: 1733: 1730: 1724: 1719: 1713: 1710: 1707: 1702: 1699: 1693: 1689: 1686: 1682: 1678: 1670: 1667: 1649: 1643: 1640: 1637: 1632: 1627: 1624: 1619: 1616: 1610: 1605: 1599: 1596: 1593: 1588: 1585: 1582: 1576: 1572: 1570: 1561: 1555: 1552: 1549: 1542: 1539: 1534: 1530: 1526: 1523: 1520: 1516: 1510: 1507: 1499: 1492: 1489: 1486: 1481: 1478: 1475: 1469: 1467: 1458: 1451: 1448: 1445: 1440: 1437: 1431: 1426: 1423: 1417: 1410: 1407: 1404: 1399: 1396: 1393: 1387: 1385: 1376: 1370: 1367: 1364: 1360: 1355: 1350: 1344: 1341: 1338: 1333: 1330: 1327: 1321: 1315: 1312: 1307: 1303: 1297: 1294: 1291: 1286: 1283: 1280: 1274: 1268: 1265: 1260: 1258: 1253: 1250: 1238: 1232: 1230: 1216: 1209: 1206: 1203: 1198: 1195: 1189: 1186: 1182: 1178: 1170: 1167: 1151: 1148: 1145: 1140: 1137: 1134: 1128: 1125: 1122: 1114: 1112: 1107: 1089: 1081: 1078: 1075: 1065: 1062: 1059: 1051: 1048: 1045: 1029: 1026: 1023: 1019: 1015: 1012: 1009: 987: 984: 981: 973: 970: 967: 961: 958: 955: 947: 943: 920: 917: 914: 906: 903: 900: 894: 891: 884: 882: 879: 878: 861: 853: 850: 847: 841: 838: 831: 828: 827: 809: 806: 803: 797: 794: 787: 784: 783: 768: 765: 758: 755: 754: 750: 747: 746: 743: 737: 729: 726: 723: 720: 719: 718: 717: 716: 710: 706: 703: 700: 697: 694: 691: 688: 685: 682: 679: 678: 677: 670: 667: 665: 656: 653: 650: 649: 645: 642: 639: 638: 634: 631: 628: 627: 623: 620: 617: 616: 612: 610: 607: 606: 602: 599: 596: 595: 591: 588: 585: 584: 581:Parking lots 580: 577: 574: 573: 569: 565: 562: 559: 556: 555: 551: 549: 545: 542: 541: 535: 532: 529: 526: 525: 524: 521: 520: 514: 511: 508: 505: 504: 503: 500: 496: 492: 489: 486: 485: 481: 478: 475: 474: 470: 467: 464: 463: 459: 456: 453: 452: 448: 445: 442: 441: 437: 434: 431: 430: 426: 423: 420: 419: 415: 412: 409: 408: 405: 402: 396: 394: 392: 384: 381: 377: 374: 371: 367: 366: 365: 362: 359: 351: 347: 346: 345: 343: 335: 333: 319: 315: 312: 309: 306: 303: 299: 295: 292: 287: 284: 279: 276: 273: 270: 267: 264: 261: 258: 255: 252: 244: 241: 228: 225: 222: 219: 216: 213: 210: 207: 204: 196: 190: 187: 184: 181: 178: 175: 172: 169: 166: 163: 160: 157: 154: 151: 150: 149: 143: 141: 139: 138:terminal loss 134: 126: 123: 120: 117: 114: 111: 108: 105: 102: 99: 96: 95: 94: 92: 83: 80: 77: 74: 71: 68: 65: 64: 63: 57: 52: 50: 48: 44: 41: 37: 33: 29: 19: 2653:Depreciation 2518: 2362:. Hamilton: 2359: 2340:. Retrieved 2336:the original 2320:. Retrieved 2301: 2288:. Retrieved 2281:the original 2248: 2244: 2232: 2228: 2216: 2204: 2192: 2183: 2171:. Retrieved 2167: 2158: 2146:. Retrieved 2142: 2133: 2125:the original 2115: 2101: 2093:the original 2083: 2069: 2061:the original 2051: 2037: 2029:the original 2019: 2005: 1997:the original 1987: 1978: 1969: 1960: 1952:the original 1942: 1934:the original 1924: 1912: 1906:. July 2022. 1901: 1894: 1885: 1876: 1865:. Retrieved 1861:the original 1851: 1839: 1830: 1788: 1671: 1668: 1239: 1236: 1171: 1168: 1115: 1108: 945: 939: 880: 741: 714: 704: 698: 692: 686: 683:= Investment 680: 674: 662: 547: 416:Description 403: 400: 390: 388: 363: 357: 355: 341: 339: 245: 242: 197: 194: 188: 182: 176: 170: 164: 158: 152: 147: 137: 132: 130: 124: 118: 112: 106: 100: 90: 88: 61: 46: 40:depreciation 31: 27: 26: 2532:(SR&ED) 2253:2005 SCC 54 1973:ITR s. 1103 1964:ITR s. 1102 1834:ITR s. 1102 2637:Categories 2540:Eliminated 2445:Age amount 2342:2012-08-07 2168:TaxTips.ca 1867:2013-03-06 1823:References 942:Tax shield 564:Franchises 372:interests) 340:Under the 2547:Childcare 1919:, par. 1. 1846:, par. 2. 1690:− 1190:− 1063:− 1049:− 1035:∞ 1020:∑ 985:− 971:− 918:− 904:− 851:− 807:− 471:Aircraft 370:leasehold 313:− 307:− 280:− 1794:See also 1785:Case Law 944:in year 85:18(1)(l) 36:Canadian 2417:General 2322:5 March 2290:5 March 2251:, 2235:, 568:Patents 43:expense 2619:(WITB) 2607:(PTTC) 2592:Others 2578:(UCCB) 2556:(CCTB) 2370:  2313:  410:Class 2613:(TTC) 2601:(ETC) 2584:(WIS) 2562:(CTB) 2521:(CCA) 2499:(ITC) 2493:(DTC) 2487:(CAI) 2481:(CDB) 2475:(CTC) 2469:(CWB) 2463:(CEC) 2457:(CCB) 2284:(PDF) 2273:(PDF) 2173:6 May 2148:6 May 1805:MACRS 748:Year 487:10.1 413:Rate 382:mines 2368:ISBN 2324:2013 2311:ISBN 2292:2013 2175:2013 2150:2013 1809:U.S. 731:gain 643:55% 632:30% 621:45% 600:30% 490:30% 479:30% 468:25% 457:20% 446:15% 349:Act. 125:less 119:less 113:less 107:plus 101:plus 66:land 651:52 640:50 629:46 618:45 608:44 597:43 586:29 578:8% 575:17 557:14 543:13 498:12 476:10 435:5% 424:4% 159:UCC 153:CCA 32:CCA 2639:: 2366:. 2275:. 2166:. 2141:. 948:= 829:3 785:2 756:1 707:= 465:9 454:8 443:7 432:3 421:1 344:: 2404:e 2397:t 2390:v 2376:. 2345:. 2326:. 2294:. 2177:. 2152:. 1900:" 1870:. 1769:] 1764:) 1758:i 1755:+ 1752:1 1747:i 1742:2 1739:1 1734:+ 1731:1 1725:( 1720:) 1714:d 1711:+ 1708:i 1703:d 1700:t 1694:( 1687:1 1683:[ 1679:I 1650:) 1644:i 1641:+ 1638:1 1633:i 1628:2 1625:1 1620:+ 1617:1 1611:( 1606:) 1600:d 1597:+ 1594:i 1589:d 1586:t 1583:I 1577:( 1573:= 1562:] 1556:i 1553:+ 1550:1 1543:2 1540:1 1535:+ 1531:) 1527:i 1524:+ 1521:1 1517:( 1511:2 1508:1 1500:[ 1493:d 1490:+ 1487:i 1482:d 1479:t 1476:I 1470:= 1459:] 1452:i 1449:+ 1446:1 1441:2 1438:1 1432:+ 1427:2 1424:1 1418:[ 1411:d 1408:+ 1405:i 1400:d 1397:t 1394:I 1388:= 1377:) 1371:i 1368:+ 1365:1 1361:1 1356:( 1351:) 1345:d 1342:+ 1339:i 1334:d 1331:t 1328:I 1322:( 1316:2 1313:1 1308:+ 1304:) 1298:d 1295:+ 1292:i 1287:d 1284:t 1281:I 1275:( 1269:2 1266:1 1261:= 1254:V 1251:P 1217:) 1210:d 1207:+ 1204:i 1199:d 1196:t 1187:1 1183:( 1179:I 1152:d 1149:+ 1146:i 1141:d 1138:t 1135:I 1129:= 1126:V 1123:P 1090:n 1086:) 1082:i 1079:+ 1076:1 1073:( 1066:1 1060:n 1056:) 1052:d 1046:1 1043:( 1030:1 1027:= 1024:n 1016:d 1013:t 1010:I 988:1 982:n 978:) 974:d 968:1 965:( 962:d 959:t 956:I 946:n 921:1 915:n 911:) 907:d 901:1 898:( 895:d 892:I 881:n 862:2 858:) 854:d 848:1 845:( 842:d 839:I 813:) 810:d 804:1 801:( 798:d 795:I 769:d 766:I 705:i 699:n 693:t 687:d 681:I 320:) 316:c 310:b 304:a 300:( 296:d 293:t 288:2 285:1 277:C 274:C 271:U 268:d 265:t 262:= 259:A 256:C 253:C 229:C 226:C 223:U 220:d 217:t 214:= 211:A 208:C 205:C 189:c 183:b 177:a 171:d 165:t 30:( 20:)

Index

Capital cost allowance
Canadian
depreciation
expense
leasehold
industrial mineral
Franchises
Patents
Capital investment appraisal
cost of capital
Tax shield
geometric progression
Income taxes in Canada
MACRS
U.S.
Internal Revenue Code
Capital cost tax factor
IT-285R2 1994
"IT-478R2: Capital Cost Allowance - Recapture and Terminal Loss"
the original
"Income Tax Act (R.S.C., 1985, c. 1 (5th Supp.))"
IT-285R2 1994
"ITR Part XI"
the original
"ITR Schedule II"
the original
"ITR Schedule III"
the original
"IT-464R: Capital Cost Allowance - Leasehold Interests"
"ITR Schedule IV"

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