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Susan Ward

How to Calculate Capital Cost Allowance

By March 15, 2014

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Capital Cost Allowance is the bane of many a Canadian small business owner's tax-paying existence.

On the one hand, it is a small business income tax deduction, so it's automatically a good thing.

Calculating capital cost allowance can be easier.

On the other hand, because Capital Cost Allowance means that the cost of depreciable property acquired by your business has to be written off gradually over time rather than all at once in the tax year your business acquired the property, it complicates doing income tax for your small business considerably.

But don't be intimidated. My article on How to Calculate Capital Cost Allowance will make it easier for you to figure it out and get your income tax return done.

More on Capital Cost Allowance

More on Income Tax Deductions

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