SO assume, I bougth the house in 2021 and 100000 is the value excluding the property.
So I claim only 100000*0.5 *0.04 = 2000 as CCA in year 2021 tax return. REmianing value: 98000
In 2022, I can claim 98000*0.04 = 3920. ButI used only 1920 as CCA to make income zero. CCA off $2000 is not used. Remaining house value is 98000- 3920 = 94080.
Now in 2023, turbotax calculate 94080*0.04 = 3763. But since I did not claim full amount in 2022, can I now claim 3763 +2000 ($5763) as CCA, becaus I did not claim the last year depreciation. Because house is depreciated by 4% in two years. Thanks fpr the clarification.
