You may have heard that solar panelsoffer very attractive tax benefits for the home owner. One of the tax benefits is the Capital Cost Allowance (CCA). This allows the owner of the microFIT system to defer paying tax on the income from the solar panel revenue until the time that they have recouped their initial investment for the cost of the solar panels.
There are a lot of things that can be deducted and instead of mentioning every deduction and how to do it, here is the website from the Canada Revenue Agency which provides information in this regard. Click Here for the Website
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