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    Depreciating Rental Properties

    If you own rental property, you can claim depreciation for tax purposes (known as CCA) to reduce your net rental profit and therefore reduce the amount of income tax you pay.  However, you cannot use  CCA to (i) create a…

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About us

Michael has been providing accounting,tax and business advice for over 25 years.He graduated with a Bachelor of Commerce (B.Comm) degree from the University of Toronto and then went on to article at two Toronto based Accounting and Audit firms.

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