YBY Posted April 15, 2023 Report Share Posted April 15, 2023 hi, I did a complete renovation in the year of 2022 and I'm trying to add addition assets instead of expensing it. But for some reason after i added it CCA, the rental income becomes 0, which is not what I want. Not sure what I should do. Thanks in advance. Quote Link to comment Share on other sites More sharing options...
Geo123 Posted April 16, 2023 Report Share Posted April 16, 2023 Hello YBY, You can limit the CCA to the figure you desire - in this example CCA is limited to $0 To whom the CCA should be allocated [Business level (full amounts - 100%)] Portion (%) of CCA used for business or employment Purchase date of the property [ 01-01-2020] ACB of the depreciable capital property in this class [$5,000.00] Limit to the CCA of this class [$0.00] <- - - LIMIT CCA Quote Link to comment Share on other sites More sharing options...
YBY Posted April 19, 2023 Author Report Share Posted April 19, 2023 Thank you so much. It worked! I didn't put anything on LIMIT CCA and that's why the rental income bcame 0 dollar. Quote Link to comment Share on other sites More sharing options...
Geo123 Posted April 19, 2023 Report Share Posted April 19, 2023 Hello YBY, You are welcome. Quote Link to comment Share on other sites More sharing options...
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