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Can you claim CCA on a rental property?
Yes! Only limitations with PRE.
“PRE” - Principal residence exemption for rental properties. If CCA claimed on rental property, cannot use PRE.
What is the Accelerated Investment Incentive?
An augmented rate of 1.5 for property purchased after November 1, 2018
Can you claim CCA for a company with a short tax year?
Yes! Prorate the CCA after AII is applied:
“Equipment purchased for $20,000. Company started operations mid year in June 1, 20xx”.
$20,000 x 20% x 1.5 x 232/365 days
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