Understanding CCA, UCC, Recapture, and Terminal Loss for Tax
This video will help you understand how to account for CCA (Capital Cost Allowance). UCC ( Undepreciated Capital Cost), Recapture, and Terminal Loss for tax purposes.
CPA Canada Facebook Study Group: / cpacanadastudygroup
CPA Canada WhatsApp Study Groups: https://excelcfe.thinkific.com/pages/...
ExcelCFE Website: https://excelcfe.thinkific.com/
Link to summary of tax rates: https://drive.google.com/file/d/1Yz1a...
Link to CRA Tax rate website: https://www.canada.ca/en/revenue-agen...
The following is what will be discussed in the video:
0:00 Intro
0:18 Overview
0:58 Definitions
1:25 CCA Requirments
1:58 CCA Template
3:34 Additional CCA Rules
4:47 CCA Example
5:56 Dispositions
6:33 Recapture Example
7:40 Terminal Loss Example
8:30 Most Common CCA Rates Used + Summary Sheet
9:11 Exam Reference Material Provided
9:20 Thanks!
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