topic CCA is an &quot;optional&quot; claim, meaning you can choose how mu... in Self-employed https://turbotax.community.intuit.ca/community/self-employed/discussion/cca-is-an-optional-claim-meaning-you-can-choose-how-mu/01/912699#M3334 <P>CCA is an "optional" claim, meaning you can choose how much, if any, you would like to claim in any given year.&nbsp;</P><P>You do not have to claim the maximum amount of&nbsp;CCA&nbsp;in any given year. You can claim any amount you like, from zero to the maximum allowed for the year. For example, if you do not have to pay income tax for the year, you may not want to claim&nbsp;CCA. Some taxpayers choose to not claim CCA when their business is starting out and use it in future years when their tax liability is higher, while others will claim it if their refund is increased.<BR /></P><P>For these reasons, the software does not calculate an optimal or best amount to claim.</P><P> <SPAN> <A href="https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/rental-income/capital-cost-allowance-rental-property/much-capital-cost-allowance-you-claim.html" rel="nofollow" target="_blank">https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/rental-income/capital-cost-al...</A> <BR /> </SPAN> </P> Wed, 30 Oct 2019 16:08:22 GMT TurboTaxKim 2019-10-30T16:08:22Z It says this...but does not say how to find the best balance?? Your non-refundable credits exceed your tax payable. Consider reducing Capital Cost Allowance (CCA) in your https://turbotax.community.intuit.ca/community/self-employed/discussion/it-says-this-but-does-not-say-how-to-find-the-best-balance-your-non-refundable-credits-exceed-your/01/912698#M3333 Wed, 30 Oct 2019 16:08:21 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/it-says-this-but-does-not-say-how-to-find-the-best-balance-your-non-refundable-credits-exceed-your/01/912698#M3333 ewilhelm52 2019-10-30T16:08:21Z CCA is an "optional" claim, meaning you can choose how mu... https://turbotax.community.intuit.ca/community/self-employed/discussion/cca-is-an-optional-claim-meaning-you-can-choose-how-mu/01/912699#M3334 <P>CCA is an "optional" claim, meaning you can choose how much, if any, you would like to claim in any given year.&nbsp;</P><P>You do not have to claim the maximum amount of&nbsp;CCA&nbsp;in any given year. You can claim any amount you like, from zero to the maximum allowed for the year. For example, if you do not have to pay income tax for the year, you may not want to claim&nbsp;CCA. Some taxpayers choose to not claim CCA when their business is starting out and use it in future years when their tax liability is higher, while others will claim it if their refund is increased.<BR /></P><P>For these reasons, the software does not calculate an optimal or best amount to claim.</P><P> <SPAN> <A href="https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/rental-income/capital-cost-allowance-rental-property/much-capital-cost-allowance-you-claim.html" rel="nofollow" target="_blank">https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/rental-income/capital-cost-al...</A> <BR /> </SPAN> </P> Wed, 30 Oct 2019 16:08:22 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/cca-is-an-optional-claim-meaning-you-can-choose-how-mu/01/912699#M3334 TurboTaxKim 2019-10-30T16:08:22Z
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topic CCA is an &quot;optional&quot; claim, meaning you can choose how mu... in Self-employed
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<P>CCA is an "optional" claim, meaning you can choose how much, if any, you would like to claim in any given year.&nbsp;</P><P>You do not have to claim the maximum amount of&nbsp;CCA&nbsp;in any given year. You can claim any amount you like, from zero to the maximum allowed for the year. For example, if you do not have to pay income tax for the year, you may not want to claim&nbsp;CCA. Some taxpayers choose to not claim CCA when their business is starting out and use it in future years when their tax liability is higher, while others will claim it if their refund is increased.<BR /></P><P>For these reasons, the software does not calculate an optimal or best amount to claim.</P><P> <SPAN> <A href="https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/rental-income/capital-cost-allowance-rental-property/much-capital-cost-allowance-you-claim.html" rel="nofollow" target="_blank">https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/rental-income/capital-cost-al...</A> <BR /> </SPAN> </P>
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It says this...but does not say how to find the best balance?? Your non-refundable credits exceed your tax payable. Consider reducing Capital Cost Allowance (CCA) in your
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CCA is an "optional" claim, meaning you can choose how mu...
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https://turbotax.community.intuit.ca/community/self-employed/discussion/cca-is-an-optional-claim-meaning-you-can-choose-how-mu/01/912699#M3334
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<P>CCA is an "optional" claim, meaning you can choose how much, if any, you would like to claim in any given year.&nbsp;</P><P>You do not have to claim the maximum amount of&nbsp;CCA&nbsp;in any given year. You can claim any amount you like, from zero to the maximum allowed for the year. For example, if you do not have to pay income tax for the year, you may not want to claim&nbsp;CCA. Some taxpayers choose to not claim CCA when their business is starting out and use it in future years when their tax liability is higher, while others will claim it if their refund is increased.<BR /></P><P>For these reasons, the software does not calculate an optimal or best amount to claim.</P><P> <SPAN> <A href="https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/rental-income/capital-cost-allowance-rental-property/much-capital-cost-allowance-you-claim.html" rel="nofollow" target="_blank">https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/rental-income/capital-cost-al...</A> <BR /> </SPAN> </P>
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