The investment tax credit (ITC) amount must be deducted from the asset's undepreciated capital cost (UCC) for CCA purposes.

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The investment tax credit (ITC) is a non-refundable tax credit that can be claimed by a business that has made eligible investments. For CCA (Capital Cost Allowance) purposes, the amount of ITC must be deducted from the asset's undepreciated capital cost (UCC) to calculate the correct CCA deduction. This reduces the asset's net cost for tax purposes.

The Investment Tax Credit (ITC) Amount Must Be Deducted from the Asset's