tag:blogger.com,1999:blog-5433839636644874439.post5462463900302953672..comments2024-03-04T13:37:11.022+00:00Comments on Canadian Financial DIY: Capital Cost Allowance in need of reform says CGACanadianInvestorhttp://www.blogger.com/profile/05645767559302303541noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5433839636644874439.post-26463896988059663782013-04-23T22:00:56.900+00:002013-04-23T22:00:56.900+00:008 months of taxes, now there's a brave man. ma...8 months of taxes, now there's a brave man. makes me think of the quote Einstein supposedly made about their relative difficulty - http://quoteinvestigator.com/2011/03/07/einstein-income-taxes/CanadianInvestorhttps://www.blogger.com/profile/05645767559302303541noreply@blogger.comtag:blogger.com,1999:blog-5433839636644874439.post-46395020564907282842013-04-22T16:41:10.951+00:002013-04-22T16:41:10.951+00:00It's not really altruistic. If your taxes are ...It's not really altruistic. If your taxes are simple enough that you only need an accountant because CCA is too complicated, then you're almost certainly not paying enough to really make it worth your accountant's time. If your taxes are more complicated, then the extra work on CCA is just extra work for little or no additional revenue.<br /><br />I just finished an 8 month tax course, and would have to say that CCA over-complexity is the least of the problems in the tax system. It's a symptom of the larger problem of governments being required to provide an a list of announceable policy changes to benefit voters. The proliferation of micro-credits, special rules for people are selling shares in private corporations, special rules for oil & gas exploration activity, special rules for manufacturing activity...it's just silly. Periodically we need to sit down and jettison the income tax act and return to its core principals, getting rid of 30 years of accumulated announceables that make the whole thing so unwieldly.Neilhttps://www.blogger.com/profile/07956214731551721276noreply@blogger.com