Capital cost allowance (CCA) for rental property
You might acquire a depreciable property, such as a building, furniture, or equipment, to use in your rental activity.
You cannot deduct the cost of the property when you calculate your net rental income for the year. However, since these properties may wear out or become obsolete over time, you can deduct their cost over a period of several years. The deduction is called capital cost allowance (CCA).
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