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What would be his plan with respect to the CCA deduction

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Question - Mr. Monard bought all the shares of MegaProfit Co Ltd. on July 1st of this year and is expecting to combine the profitable operations of MegaProfit Co with the loss operations of his current Corporation. However, for MegaProfit Co's deemed year end June 30th, he hopes to offset the six months of profitable operations with a full year of CCA in order to minimize the tax liability. MegaProfit Co.'s normal year end was December 31st. What would be his plan with respect to the CCA deduction.

Reference no: EM132911744

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