It is much easier to understand the calculation of capital cost allowance (CCA) through an example.
How to calculate Capital Cost Allowance (CCA) – an example
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Tag: CCA rate
How to deduct business capital expenditures – capital cost allowance
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The money you spend on purchasing capital assets for your business is capital expenditure. Unlike the day-to-day expenditures such as telephone bills, office stationery, rent, or car lease, a capital expenditure cannot be fully deducted immediately as a business expense. It can only be deducted over time in a form of depreciation. In stead of using…