The net income will be allocated according to how you've claimed the type of ownership of the rental property as a "co-ownership/ sole proprietor" instead of "partnership". If you change this selection to "partnership", the net income will be allocated according to the percentage of ownership entered.
However, if you are not actually operating as a partnership, you will each need to manually add your portion of the UCC and additions/dispositions according to your percentage of ownership. For example, if you have a UCC balance of $100K and you co-own the property 50/50, then you will need to enter $50K on your return and the co-owner would also need to enter $50K on their return.
For more information, please check out the Canada Revenue agency Article: Area C – Building additions in the year
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