An asset's CCA class number affects its CCA dollar deduction amount from taxable income.

Name: An asset's CCA class number affects its CCA dollar deduction amount from taxable income.
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The CCA (Capital Cost Allowance) class number determines the percentage rate at which an asset's cost can be deducted from taxable income. Different classes have different rates, so the CCA dollar deduction amount will vary based on the asset's class number.

An Asset's CCA Class Number Affects Its CCA Dollar Deduction