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New Member
posted Oct 31, 2019 12:10:20 AM

Capital cost allowance depreciation Column 4 little confused on that question?

I have figures column 2, column 3, 5, 6, 9, 10, 12, 13.  I put zero in column 4 not sure if that's correct

0 3 1216
3 Replies
Level 15
Oct 31, 2019 12:10:21 AM

What are you claiming CCA for? Is it a business, rental or employment expenses?

New Member
Oct 31, 2019 12:10:23 AM

employment expenses

Moderator
Oct 31, 2019 12:10:25 AM

Columns 4, 7, and 8 apply only to the accelerated investment incentive properties (AIIP) that became available for use during the year. A property may be eligible for the Accelerated Investment Incentive if it was acquired after November 20, 2018, and meets both of these conditions:

- Neither the taxpayer or a non-arm's length person previously owned the property.

- The property has not been previously used by the taxpayer or a non-arm's length person to the taxpayer.

So if you don’t an addition that meets that criteria, then column 4 would be Zero.