I am the owner of an investment property that I rent myself as a landlord. I did not set it up as a business or registered it, it is only another income and expense in the "Rental property income" un Ufile (T776). I want to setup the CCA to reduce my income from it.
First, at the question "To whom the CCA should be allocated", I don't understand the difference between "Business Level 100%", "Partner Level" and "The rental portion only" and the help doesn't provide lots of details. Can you please provide example? In which case to use one or the other ?
Second, on the line after it asks "Portion % of CCA used for business or employment". This property is not setup as a business. What is that question trying to figure out?
Thanks from a first CCA user !
