Jump to content
Français

Capital expense (half-year rule)


PeteH
 Share

Recommended Posts

Hello,

I'm trying to add some capital expenses into my CCA base, I'm aware of the half-year rule for the first year a capital asset is added. My question is - when I only take the 50% addition for the first year, do I must add the other 50% the following tax year OR can I apply the other 50% to a future tax year into my CCA base? 

Thanks, 

Link to comment
Share on other sites

Hello PeteH,

The half-year rule applies to the first year only.  Please refer to the CRA guide on the details of how CCA should be entered and calculated :

https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/sole-proprietorships-partnerships/report-business-income-expenses/claiming-capital-cost-allowance/calculate-deduction-capital-cost-allowance.html

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

×
×
  • Create New...