I was told that I can claim the CCA for my Solar panels against all Income and not necessarily only against the Solar Income. So If I have only earned $300 in the year I installed the solar panels and paid $30,000 for the panel installation, how much can I claim for CCA? It seems weird that I have $300 Income and $15000 deduction, or does this create a Net Loss which can be transferred to future years?
Except for certain circumstances, the CCA is limited to how much is needed to reduce your income from the panels to zero. Please refer to the following link for more information:
Except for certain circumstances, the CCA is limited to how much is needed to reduce your income from the panels to zero. Please refer to the following link for more information:
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