Since these properties may wear out or become obsolete over time, you can deduct their cost over a period of several years. This yearly deduction is called a capital cost allowance (CCA).

Sep 21, 2023 · A capital cost allowance (CCA) lets you recoup costs from business assets that have lost value. CCA rates are separated into classes, which range in rates from 4% to 55%. …

Jun 10, 2025 · A capital allowance A capital allowance is the amount of capital investment costs, or money directed towards a company’s long-term growth, a business can deduct each year …

Apr 27, 2022 · The cost of these assets can be amortized over the number of years they will be used. This can be done by claiming a Canada Revenue Agency (CRA) -regulated deduction …

Mar 12, 2025 · What Is Capital Cost Allowance (CCA)? Capital cost allowance (CCA) is an annual deduction in the Canadian income tax code that allows taxpayers to claim a portion of the cost …

What is Capital Cost Allowance (CCA)? Capital Cost Allowance (CCA) is a tax deduction for business or property depreciation. It aids in offsetting some of the costs associated with wear …

6 days ago · Accelerated Capital Cost Allowance Existing CCA Regime Depreciation for Canadian income tax purposes, referred to as (“ capital cost allowance ”) or (“ CCA ”), generally permits …

Nov 5, 2025 · Capital Cost Allowance (CCA) is a tax provision designed for the depreciation of depreciable assets. When you procure an asset, such as a vehicle, building, or software, its …

Jun 23, 2022 · Capital cost allowance (CCA) is the depreciation that is allowed to be expensed for tax purposes for fixed assets, except land. Different types of assets are allocated to different …

Dec 31, 2023 · Capital cost allowance (CCA) You cannot deduct the cost of a property, such as a vehicle or musical instrument that you use to earn your income. However, you can deduct a …