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 initial cost of these properties in the calculation of the net income of the rental activities for the year. However, since these properties wear out or become obsolete over time, you can deduct their cost over a period of several years. This deduction is called capital cost allowance (CCA).
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