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posted May 1, 2021 5:02:16 AM

In claiming a capital gain or loss on my rental property, do I add my UCC balance from improvements to the properties adjusted cost base?

*this is the final year of business as I have sold the property*

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Moderator
Dec 24, 2021 6:16:03 AM

No. If you are no longer operating your rental business, then you would need to dispose of all your CCA assets and close the classes. Once you have done this, you will either have a terminal loss, or a recapture. These will be applied to your rental income as either a deduction or income.

 

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