Vehicle A (UBER driver) I earned net 40,000$. I have to pay 15,000$ income tax.
Vehicle B (TURO host) cost 30,000$. CCA available based on AIIP is 18,000$. Income from vehicle B is only 7,000$.
So when I use the available CCA (18,000$) income for vehicle B becomes -11,000$.
Now the total income becomes 40,000-11,000=29,000$ so income tax I have to pay is 8,000$ only instead 15,000$!
If that is right why they say you can not make capital loss to of set non-capital income?
