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Glossary·Corporate tax

Half-year rule

Definition

In the year of acquisition, most CCA classes allow only half of the normal CCA claim, regardless of acquisition date.

Long reference
Handbook

Half-Year Rule

Citations, procedures, and worked examples for half-year rule.

Related terms

CCA

Capital Cost Allowance. The tax-side depreciation system in the Income Tax Act. Assets are grouped into classes with fixed declining-balance rates.

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