Daily Archives: December 13, 2016

CRA Fraudulent Calls: How do you protect yourself?

There are many current types of fraud that you need to be aware of. New ones are being invented daily, including a scam that includes fraudulent communication from Canada Revenue Agency (CRA). To identify communication not from CRA, be aware of these guidelines: The CRA will not do the following: threaten with police arrest; use nasty…

Eligible Capital Property

Effective January 1, 2017 the Eligible Capital Property regime has been repealed and replaced with new capital cost allowance (CCA) class.   Expenditure will be added to the new CCA class and CCA rules will generally apply, including recapture, capital gains, and depreciation. Planning Opportunity Additions to CEC are not subject to half-year rule, but additions…