Rental CCA

Forum|Forum|11 months ago
April 26, 2025
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First time doing taxes since owning rental property.
I do not want to claim CCA on my rental this year. Do I list the unclaimed capital cost and override the CCA. I’ve been told overrides are a problem if I want to efile.

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Lingrui

Hi, if you do not want to claim Capital Cost Allowance (CCA) on your rental property in a given year, you can choose to carry forward the unclaimed amount to future years.

When preparing your tax return, you do not necessarily need to override the CCA amount. Instead, simply do not claim any CCA for the rental property this year. This means leaving the CCA section blank on your tax return for the rental property, as the decision to claim CCA is optional each year. The undepreciated capital cost (UCC) of the property will remain the same and carry forward to the subsequent year.