The half-year convention is applied to CCA calculations.

Name: The half-year convention is applied to CCA calculations.
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The half-year convention is a standard method used for Capital Cost Allowance (CCA) calculations in Canada. It assumes that an asset is purchased halfway through the taxation year, and therefore only half of the asset's CCA rate is applied for that year. This convention applies to most depreciable assets, except for certain types with their own special conventions.

The Half-Year Convention Is Applied to CCA Calculations