When a company invests in equipment,it gets to immediately expense the cost of the equipment on the company's income tax return filed with Canada Customs and Revenue Agency (CCRA).

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When a company invests in equipment, it cannot immediately expense the full cost of the equipment on the company's income tax return filed with Canada Revenue Agency (CRA). Instead, the company can claim a percentage of the cost as capital cost allowance (CCA) over a period of several years, depending on the class of the asset.

When a Company Invests in Equipment,it Gets to Immediately Expense