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linferg85
February 27, 2023
Question

Rental property purchased, I do not understand the CCA calculations. Should CCA include property purchase price, PTT, lawyers fees and repairs/maintenance?

  • February 27, 2023
  • 1 reply
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The accountant did my 2021 tax return which was the year rental was purchased.  CCA on my return shows approx $600 which doesn't come close to the combined expenses so where/how would this figure come from?

    1 reply

    TurboTaxSusan
    TurboTaxSusan
    May 4, 2023

    CCA only represents the depreciation on your property, and is calculated based off a percentage of the original adjusted cost base of your property. Things like maintenance would go under expenses, not CCA.

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