What is Capital Cost Allowance (CCA)?
Capital Cost Allowance is the CRA’s system for deducting the cost of business assets over time, the tax equivalent of depreciation, applied […]
What is an Arm’s Length Transaction?
An arm’s length transaction is a deal between unrelated parties acting independently in their own interests, the standard the CRA uses to […]
What is Adjusted Cost Base (ACB)?
Adjusted cost base is the CRA’s measure of what was paid for a capital property, including acquisition costs and improvements, and it […]
What is Active Business Income?
Active business income is the profit a corporation earns from actually running a business, and it is the income that qualifies for […]