Capital Cost Allowance Archives

How to Report Rental Income to the CRA: A Complete Guide for Ontario Landlords

Whether you’re renting out a basement apartment, an investment property, or even listing a room on Airbnb, understanding how to properly report your rental income to the Canada Revenue Agency (CRA) isn’t just good practice, t’s the law. But here’s the good news: when done correctly, reporting rental income can Read more

By Caitlin Lawrence, 5 monthsDecember 9, 2025 ago

Making Sense of Capital Cost Allowance

Understanding the CCA’s Framework The CCA framework is designed to accommodate the practical reality that capital assets used in the business, such as machinery, vehicles, and equipment, depreciate over time. The Canada Revenue Agency (CRA) acknowledges this by allowing businesses to deduct this depreciation from their taxable income, thereby reducing Read more

By Caitlin Lawrence, 2 yearsFebruary 19, 2024 ago

Capital Cost Allowance

How to Report Rental Income to the CRA: A Complete Guide for Ontario Landlords

Making Sense of Capital Cost Allowance

🐾1 Tax Return Filed = 1 lb of Pet Food | Proudly supporting the Sarnia & District Humane Society🐾