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February 21, 2023
Question

Can I claim class 12 CCA in a later year ?(my business didn't make any money so I won't pay tax)

  • February 21, 2023
  • 1 reply
  • 0 views
I'd like to keep these class 12 CCA for a later year when my business will actually make money

    1 reply

    TurboTaxSusan
    February 23, 2023

    Yes. CCA is optional, so if you don't want to claim it this year, you don't have to. The balance will stay in your UCC and you can use it in future years.