Is it possible to remove CCA from this year's taxe...

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New Member

Is it possible to remove CCA from this year's taxes for self employment? The CCA is causing a loss.

 
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Moderator

Is it possible to remove CCA from this year's taxes for self employment? The CCA is causing a loss.

Yes, if you go to:

  • Income Tab > Self-Employment > Self Employment Summary
  • Choose to "Edit" your business
  • Click on "Assets used in your business and CCA calculation
  • You can adjust or remove your CCA on the screen that says "here's your capital cost allowance for your assets"
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