Is CCA capped to the net income of a rental property? i.e. the depreciation you claim can never be more than the net income and can never result in a loss?

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Is CCA capped to the net income of a rental property? i.e. the depreciation you claim can never be more than the net income and can never result in a loss?

That is correct. You cannot create a loss or increase a loss by claiming CCA on a rental property. For more info, please see http://www.cra-arc.gc.ca/tx/bsnss/tpcs/rntl/cca-dpa/mch-eng.html

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Is CCA capped to the net income of a rental property? i.e. the depreciation you claim can never be more than the net income and can never result in a loss?

That is correct. You cannot create a loss or increase a loss by claiming CCA on a rental property. For more info, please see http://www.cra-arc.gc.ca/tx/bsnss/tpcs/rntl/cca-dpa/mch-eng.html