1. The maximum period to claim capital cost allowance (CCA) on leasehold improvements is 5 years. true...
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Question:
1. The maximum period to claim capital cost allowance (CCA) on leasehold improvements is 5 years.
true or false
2. The accelerated capital cost allowance (CCA) rate (1.5* the normal rate) rule applies to the net additions (additions fewer disposals) to a CCA class made in a taxation year.
true or false
3. There is a “ change in use” of the capital property when the user changes from personal to business use, or from business to personal use.
true or false
Related Book For
Financial Accounting A User Perspective
ISBN: 978-0470676608
6th Canadian Edition
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
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