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theumovie
New Member

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

 
1 Reply

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

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.