The Maximum Capital Cost Allowance CCA) That May Be Deducted

question 38

Multiple Choice

The maximum capital cost allowance CCA) that may be deducted for new assets is:

• A)the same as the amortization calculated for the year.
• B)restricted by the residual value.
• C)restricted to 50% of the normal amount.
• D)is the annual amount prorated based on when during the year the asset was purchased.

---

Definitions:

Mass Education

The provision of education on a large scale, typically through public schooling systems, with the goal of making basic learning accessible to the entire population.

Self-Expression

The process of expressing one’s thoughts, feelings, or ideas, especially through creativity, speech, or behavior.

Powerful Positions

Roles or titles within an organization or society that come with a significant amount of influence, authority, or control.

People-Building Skills

People-building skills involve the ability to foster personal and professional growth in others through mentoring, coaching, and providing opportunities for development.