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How To Reduce Taxes and Keep More Cash In Your Pocket using Capital Cost Allowance(CCA)

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As real estate investors, claiming Capital cost allowance (CCA) can help you reduce taxes and keep more cash in your pocket, but it can be a complicated concept.

That’s why I broke down everything you need to know about Capital Cost Allowance deductions in today’s video.

I also share the tax rules around claiming CCA, how to calculate CCA and three special criteria to determine if you should claim CCA or not.

Comment with any questions or thoughts below once you’ve watched the video. I’ll respond as soon as I can.

#RealEstateTaxTips​ #RealEstateInvestors​​ #CanadianInvesting​ #deduction #CCA #capitalcostallowance #taxdeduction #taxsaving #CRA

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DISCLAIMER:

Tax planning is a personalized decision and will depend on your situation, priorities, and risk tolerance. Consult with your own legal and tax advisors to ensure you get the advice you personalized for you.
The information contained in this video is for general information purposes only.
The information is provided by ECRB Consulting Inc., RealEstateTaxTips.ca, Cherry Chan Professional Corporation and Cherry Chan.
While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability to the article or the information, products, services, or related graphics contained on the presentation for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage, including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of or connected with the use of this information.

posted by Luminasi3v