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Moomin

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  1. Hello, Looking for some clarification/advice on CCA please. My spouse and I bought our first rental property last year. 1. I've recorded the building ($200k) and associated acquisition costs ($3k) in the "Description and amount of capital additions". Do I also have to enter the same amount ($203k) in the "ACB of the depreciable capital property in this class" field? In the case of new additions, wouldn't be ACB always be the same amount? 2. If it's a 50% co-ownership, is it possible for only one person (the higher income earner) to claim CCA? Many thanks in advance!
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