Decipher the complex rules that apply to depreciable capital properties when preparing your corporate tax returns and tax provisions.
Thomson Reuters Editor: Ryan Keey, Macc ,CA
The Canada Tax Service Depreciable Property Guide includes an authoritative section-by-section analysis, researched and prepared by leading tax experts, of the core provisions contained in the Income Tax Act (the "Act") and Income Tax Regulations (the "Regulations") related to depreciable capital property (including intangibles capital properties, such as goodwill). The analysis includes examples, discussions of leading cases, and references to relevant CRA publications (many of which are included in the Appendix of the book). The Guide also contains easy-to-use materials, including an alphabetical index of the tax treatment of over 800 common types of capital properties. The Guide brings together all of the relevant material related to depreciable capital property in one place, allowing for efficient and easy research. This Guide was prepared with commentary extracted from the Canada Tax Service ("CTS"). The CTS was conceived in 1943 and was revolutionary as it pioneered section-by-section analysis of the Act. The Service has expanded throughout the years as the Canadian income tax system has evolved and become increasingly complex. The CTS has earned the trust and loyalty of many Canadian tax lawyers and accountants.