The Money Mustache Community
Learning, Sharing, and Teaching => Real Estate and Landlording => Topic started by: YK-Phil on March 07, 2016, 09:24:54 AM
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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?