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How do I claim CCA for a house purchased ? I have a home based business. I have done the "Business In Home" form... just not sure about CCA
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October 29, 2019
6:02 PM
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Self-employed
If this is your primary residence, it is not recommended to claim CCA. You would have to pay capital gains on the business portion of the house if you sold it.
October 29, 2019
6:02 PM
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Self-employed
Thank you! I thought my lawyer had told me I HAD to... And I hadn't done it before...
October 29, 2019
6:02 PM
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Self-employed
Lawyers are not tax specialists. Accountants are not lawyers.
October 29, 2019
6:02 PM