The steps to Calculate UCC are below:
- Start with your UCC in any class and add the amount you spent on a new property in the class.
- Then, subtract the proceeds you earned from the disposition of property in that class.
For more details, please see the link below:
Recapture of Capital Cost Allowance
According what you have done in renovating you need to find the correct class .
Classes of depreciable property.
Not all property can be applied AII .To know if you can claim see the list on the following link:
What is the capital cost allowance (CCA) on accelerated investment incentive properties and zero-emi...
TurboTax article Accelerated Investment Incentive
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