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Tax depreciation

Tax depreciation is the depreciation that can be listed as an expense on a tax return for a given reporting period under the applicable tax laws. Canadian tax law allows the company to deduct part of an assets cost (for example, equipment) from its pre-tax cash flow every year. Assets are considered an expense because they require money to operate and will eventually require replacement. Claiming the cost of using assets each year as an expense reduces the amount of taxable income reported.