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IF I CLAIM CCA ON RENTAL PROPERTY DOES IT INCREASE TAX OWED AT THE TIME OF DISPOSITION?
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October 30, 2019
4:13 AM
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Self-employed
If you sell property at a gain, all CCA claimed for the time of ownership will become income in the year of sale (recapture) and difference of Sales price less adjusted cost base will be treated as capital gains.
October 30, 2019
4:13 AM