Canadian Perspectives and Tax Laws

Many of the examples used in this book will include Canadian Companies and regions within Canada, and frequently regions within the Canadian Prairies where the authours of this book reside and work.

This book provides a discussion and examples using the Canadian tax system when dealing with depreciation calculations.  Each country has it’s own set of laws governing taxes and it is left to the reader to understand the tax implications in their own jurisdiction. General methods for considering the depreciation of assets over the life of the asset are valid in many regions.

In Canada, tax information is provided through the Canada Revenue Agency and information about the tax system can be found o their website (https://www.canada.ca/en/revenue-agency.html).  This is good resource for the classification of assets for the purposes of calculating depreciation and determining the capital cost allowance for tax deduction calculations.