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CCATS is the Capital Cost Allowance Tax Shield. This is the tax savings that arise from the Capital Cost Allowance (CCA) which is the amount of write off on depreciable assets that is allowed by Canada Revenue Agency against taxable income. (When you buy a plant or equipment, it will lose value over time - it's breaking down or it's not as efficient or the such; this gradual decline in worth of the capital is depreciation. It is a cost to the company and thus companies recognize this cost as an expense on their income statement. So when computing the net income for the year, companies deduct depreciation from their earnings. This depreciation amount is the CCA.) The CCA and CCATS is relevant to Business Taxes in Canada because the amount that is depreciate (CCA) decreases taxable income by the amount multiplied by the tax rate (CCA * tax rate) in other words the CCATS.
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