Should I claim CCA on a condo in its occupancy stage (the building hasn't registered, and I haven't had a closing on it yet, but I have rental income).
Should I claim Capital Cost Allowance (CCA) on my taxes (T1159 / T776) for a condo if it's still in the occupancy stage (building hasn't registered). I have rental income, but haven't had the closing on it yet. Also, since I haven't closed on it yet, I don't know the closing costs. Are closing costs usually included as part of the cost of the building? Thank you.