CCA Calculation is different in T776 and TP-128

mr-blah

I own a rental property with my partner, split 50%.

We have made some additions to the property this year and have added the value as CCA in T776's Area A with the Easy Steps method.

In that field, we have put the full amount, let's say 5000, in both our forms. However, when we switch to each of our Quebec TP-128, the amount entered in 2500. We cannot change that value without overriding it.

Why is the TP-128 value different here? I expect the same amount as the federal at 5000.

TurboTaxVeronique

In order to assist you properly, we will need more details. We were not able to replicate the situation you explained.

Can you please tell us what is the class of acquisition?

Did you claim DIEP or AIIP?

The half year rule only applies to CRA on the first year. If it's not the first year, it will calculate the full amount. As for Quebec, in most cases, Quebec applies the half year rule automatically every year not just in the first year, and of course it depends on the class.

Thank you for choosing TurboTax.

CCA Calculation is different in T776 and TP-128

Investors and rental owners