Jump to content
Sign in to follow this  

CCA results

Recommended Posts

I bought a house for rental last year. By calculating the CCA, I selected application of the half year rule. But the result shows the deducted value is 4% of the original value. I think it should be 50% of this value (2%) for the first year ?


How can correct this error ?


Thank you.

Share this post

Link to post
Share on other sites

If you have a depreciable property in a rental, business or farming statement, UFile will claim the maximum possible Capital Cost Allowance (CCA) automatically.

If you want to limit the amount of CCA or depreciation on a specific type of property, follow these steps:

1- Go into the depreciable property page you have already entered in your rental, business, or farming statement. This page should be located in your "QuikClik Navigator" (left-hand menu).

2- At the bottom of this entry page, enter the amount of CCA or depreciation you want to claim at "Limit to the CCA or the CECA of this class".

Note: Even if you indicate a CCA or depreciation amount higher than the yearly maximum, UFile will limit your to that maximum.

If you have any other questions on this topic, please reply to this e-mail.

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

© 2013 ImpôtExpert, Thomson Reuters. Tous droits réservés. Politique de confidentialité
  • Create New...