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CCA not calculated (Col 18 remains zeros despite positive Col 16 & Col 17)


franklin777

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Hi Admin,

I found my CCA of T776E is not being calculated. I don't have new CCA for Y2022, all CCA are from previous years which I have no problem with.

From what I understand, Total CCA claim for the year equals the SUM of 20%* UCC at year beginning- that's Col 18 = Col 16 * Col 17 = $2476. Note that my net rental income is positive and also higher than $2476.

I have attached both Y2022 (not calculated) and Y2021 (calculated correctly) screenshot from T1. 

Plz advise how to resolve it.

Thanks.

 

CCA not calculated 2022.png

CCA calculated correctly for Y2021.png

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  • franklin777 changed the title to CCA not calculated (Col 18 remains zeros despite positive Col 16 & Col 17)

Damn, I can self answer now 🤣

I have incurred rental loss from another property which is higher than my net rental income from this property. Thus, CCA is not being calculated.

That being said, CCA of $2476 won't be applied unless I have net rental income no less than $2476 across the rentals.

Finger cross.

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