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ritondoa
New Member

I need Class # to be used for my Statement of Rental proprty.I am using 0% amortization

I need Class # to be used for my Statement of Rental proprty.I am using 0% amortization

1 Reply

I need Class # to be used for my Statement of Rental proprty.I am using 0% amortization

Rental property/building is normally classified under Class 1, which has CCA of 4%. You can list it as Class 1 and override the % to 0. 

If you need more info on classification, heres the link:

https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/sole-proprietorships-partners...