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Catch up of CCA for previous years


BLM
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Hi there,

I had a rental property since 2012 but I didn't claim CCA since then, how do I claim CCA for the previous years? and where to enter in UFILE? Are there any forms that need to be handed in?

Any answers are greatly appreciated 🙂

Thanks,

BLM

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There is no such thing as a catch up for CCA. You need to set up a CCA schedule for the rental property based on the acquisition costs. You also need to separate the land from the building. You can't claim CCA on the land. Do a search on this site for rental ACB. In your case you need to enter the cost as the UCC opening balance since you purchased it in a prior year.

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