Capital Cost Allowance - CCA

Filed Under » ,
Dictionary Says

Definition of 'Capital Cost Allowance - CCA'

A rate of depreciation used for income tax purposes only. This term primarily relates to Canadian taxation.
Investopedia Says

Investopedia explains 'Capital Cost Allowance - CCA'

The CCA rate that can be claimed depends on the asset itself, for example computer software has a much higher CCA rate than buildings or furniture.

Related Definitions

  • Canada Revenue Agency - CRA

    Formerly known as "Revenue Canada", this is Canada's federal agency responsible for income tax and trade regulations.
    Read More »
  • Depreciation

    1. A method of allocating the cost of a tangible asset over its useful life. Businesses depreciate long-term assets for both tax and accounting purposes. 2. A decrease in an asset’s ...
    Read More »
  • Canadian Income Trust

    A type of corporate structure as designated by the Canada Revenue Agency that operates as a profit-seeking corporation. This type of company pays out all earnings to unit holders before ...
    Read More »

Articles Of Interest

Partner Links