In Canada,firms deduct a fraction of the cost of capital investment each year for tax purposes.This is known as

Question

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Capital Cost Allowance (CCA) is the term used in Canada for the tax deduction claimed on the depreciation of capital assets over time. The deduction allows businesses to recover the costs of capital investments, such as equipment or buildings, by reducing taxable income each year. Therefore, among the given options, the best choice is Capital Cost Allowance (CCA).

In Canada,firms Deduct a Fraction of the Cost of Capital