Undepreciated Capital Cost (UCC)

by Tax Guy - Burlington Accountant on February 1, 2010 Print This Post Print This Post

The capital cost of a fixed asset not including land is added to a capital cost allowance class when the asset is acquired. Capital cost allowance is claimed is deducted from the pool and the remaining amount is the UCC.

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Dean Paley CGA CFP is a Burlington accountant and financial planner who services individuals and business owners locally, nationally and internationally. Dean has appeared in the National Post, Toronto Star and Metro News.

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