How to Calculate CCA Calculating CCA is fairly straight forward but each category of capital expense has it’s own rate schedule as defined by CRA. What do you do with the rate given? There are two methods: Declining Balance Method This method is the most commonly used for most asset class...
The CRA limits the eligible donations to 75 percent of your net income. That being said, for gifts of cultural property or ecologically sensitive land, you may claim up to 100 percent of your net income. How to calculate charitable tax credits?
To calculate the foreign exchange gain or loss on accounts receivable for tax purposes, follow these steps: 1. Enter the invoice into your accounting software as of the date the service was completed. Use the exchange rate in effect as of the invoice date to report the invoice amount in Can...
However, if you’ve deposited money in previous years or made withdrawals, you’ll need to factor in those amounts to calculate how much you can deposit into a TFSA. You can check your CRA My Account for your TFSA room. Although, since financial institutions typically only report your contr...
Additionally, the corresponding m eigenvectors are respectively used as column vectors to form the eigenvector matrix, V. ∑im=1 λi ∑in=1 λi ≥ 85% (11) 4. Calculate the weight of the indicator i. wi = ∑mj=1 λj×Vij ∑mj=1 λj (12) Step 3. Calculate the weight of the...