If my non-refundable credits exceed tax payable, how can I reduce CCA on fixed assets to use up all of my non-refundable tax credits?

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You can reduce the Capital Cost Allowance (CCA) on fixed assets by claiming any amount between zero and the maximum allowed for the year to ensure you utilize all your non-refundable tax credits, as CCA is a discretionary deduction. Reducing your CCA claim increases your taxable income, allowing you to use credits that would otherwise go to waste.

In your income tax return, you are not required to take the maximum CCA allowable. If your non-refundable credits make your tax payable zero, you can report a lower CCA amount for the current tax year, saving the deduction for future years when you might have higher income

Capital cost allowance (CCA)

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