A company may not file previous years' tax returns to change the amount of CCA claimed if it so wishes.

Name: A company may not file previous years' tax returns to change the amount of CCA claimed if it so wishes.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A company can file amended tax returns for previous years to adjust the amount of Capital Cost Allowance (CCA) claimed, subject to the tax authority's rules and deadlines for amendments.

A Company May Not File Previous Years' Tax Returns to Change