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New Member
posted Jul 28, 2020 5:17:57 AM

I am wondering if I can take business losses and increase those loses using CCA against other income?

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1 Replies
Level 15
Oct 15, 2020 9:08:33 AM

Another aspect to keep in mind is that, unlike some other tax credits, CCA cannot be used to create a loss. No matter how much equipment you have in your business you can only use CCA to bring your net income to $0.