Author Topic: Canadian Landlords, do you claim CCA?  (Read 578 times)

yyc-phil

  • Handlebar Stache
  • *****
  • Posts: 1044
  • Location: Yellowknife NWT
Canadian Landlords, do you claim CCA?
« on: March 07, 2016, 09:24:54 AM »
I own a rental condo in Calgary since 2010, but never claimed the Capital Cost Allowance, only the allowable operating expenses. Admittedly, I decided not to claim it to avoid paying tax on the recapture when I sell, which would be in a couple of years. Was this a stupid decision? If I decided to start claiming the CCA, would I be able to claim it back since the 2010 tax year?