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June 10, 2022
Question

CCA Non Capital Loss

  • June 10, 2022
  • 1 reply
  • 0 views

Can Capital Cost Allowance Create a Business Loss?

I am talking about Business income not property income like rental income. Thank You

    1 reply

    December 8, 2022

    As per CRA, CCA cannot be used to create a business loss. However, you can use CCA to bring your net income to $0.

    Thank you for choosing TurboTax.