CCA limitation to be claimed
If you have a depreciable property linked to a rental, business
or farming income, the program will automatically claim the maximum
possible Capital Cost Allowance (CCA).
If you want to limit the amount of CCA on a specific type
of property, follow these steps:
1. Go to the CCA page for the depreciable property you
have already entered for your rental, business, or farming income,
and for which you want to limit the CCA.
2. At the bottom of this entry page, go to the line
"Limit to the CCA or the CECA of this class", and
enter the amount of CCA or depreciation you want to claim.
Note: Even if you indicate a CCA or
depreciation amount higher than the yearly maximum, the program
will limit you to that maximum.
If you have any other questions on this topic, please consult de
following link:
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/sole-proprietorships-partnerships/report-business-income-expenses/claiming-capital-cost-allowance.html
ID: 20191024160648NIX.xml
Webpage: KPA320-20191024160648NI.htm
