[Verse 1] When businesses buy assets for their trade Equipment, buildings, tools they've made The tax man says you can't deduct it all But CCA helps break the fall Each asset fits a class with its own rate Some fast, some slow, that's how they depreciate [Chorus] CCA, CCA, capital cost allowance way Classes one through fifty, each has rates that stay Half-year rule applies, cut that first year down But AII speeds it up, the best deal around Remember the classes, remember the rates CCA's the system that depreciation creates [Verse 2] Class one holds your buildings at four percent Class eight has furniture at twenty percent Class ten is vehicles at thirty rate Class fifty-three manufacturing, don't be late The higher the class, the faster you write These rates are declining balance, that's right [Chorus] CCA, CCA, capital cost allowance way Classes one through fifty, each has rates that stay Half-year rule applies, cut that first year down But AII speeds it up, the best deal around Remember the classes, remember the rates CCA's the system that depreciation creates [Bridge] Half-year rule means fifty percent Of normal CCA in year one is spent But AII says take it all First year full deduction, standing tall Accelerated investment incentive Makes business buying more attractive [Verse 3] UCC is what remains each year Undepreciated cost stays here Apply the rate to the balance there Declining every year with care When you sell for more than UCC Recapture income, that's the key [Chorus] CCA, CCA, capital cost allowance way Classes one through fifty, each has rates that stay Half-year rule applies, cut that first year down But AII speeds it up, the best deal around Remember the classes, remember the rates CCA's the system that depreciation creates [Outro] From buildings slow to computers fast CCA makes tax savings last Learn the classes, know the game Capital cost allowance is the name
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