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CCA Area A Incorrect Cost of Addition

Ali Mahmood

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Hello Ali Mahmood,

There is a maximum amount prescribed by the CRA for CCA Class 10.1

The maximum CCA rate for this class is 30%.  The maximum capital cost of each vehicle that may be included in Class 10.1 is now $34,000 plus GST and provincial sales tax (PST), or HST.  eg.  BC = 35,700


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  • 5 weeks later...

I've had my fair share of challenges with CCA in Area A as well. One common reason for an incorrect cost of addition could be discrepancies in asset valuation or misclassification of certain expenses. It's crucial to double-check your capital assets' initial cost, ensuring all relevant expenses are included while avoiding any that don't qualify https://www.choicenotchance.org.nz/understand-gambling/know-your-odds. Also, cross-referencing your records with current tax regulations can help identify potential errors. If you provide more specific details about your situation, I'd be happy to share more targeted advice!

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