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CHAKRAVARTYD

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About CHAKRAVARTYD

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  1. Hi, I'm using the rental property income section for the first time. Its a condominium apartment. Facing some challenges filling out the sections there: 1) In the Type of ownership, I own the rental property with my spouse. I put co-ownership and 50% share of ownership. 1a) In the Partners section I selected Ownership by spouse and selected Generate rental income statement for spouse and indicated 50%. 2) On the CCA section, I selected Class 1 - 4%, but here I am confused as to what does Opening balance of the undepreciated capital cost mean? Is it the price with which I bo
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