Entrepreneurship & Small Business

T2 CCA Declining Balance Minimum?

  • Last Updated:
  • Feb 13th, 2018 12:13 am
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[OP]
Jr. Member
Apr 7, 2014
107 posts
11 upvotes
Toronto, ON

T2 CCA Declining Balance Minimum?

How long do I have to keep amortizing an asset until I can get rid of it?
With 50% for example, I will eventually end up at $10, then $5, then $2.5 etc...
Is there a minimum when it is no longer needed to amortize, like 5 years (computers) or $100 or less or anything like that?
At that point, does one just amortize it 100%?
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