How has Capital Cost Allowance been calculated for the respondent's use of equipment?
Saskatchewan, Canada
The following excerpt is from MacPherson v. Schwark, 2000 SKQB 327 (CanLII):
The respondent’s Capital Cost Allowance claims for these taxation years were analyzed by each of the parties having regard to the comments in Huber v. Yaroshko [2000] S.J. No. 201 (Q.B.)(QL) and the cases relied on therein - that is, with a view to determining the estimated useful lifespan of the respondent’s major pieces of farm equipment, determining what the straight line depreciation would be and then determining the excess that was claimed using the declining balance method employed for income tax purposes.
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