Area A – Calculation of capital cost allowance claim

For detailed information about any column in Area A of Form T776, select the number of the column from the below drop-down menu:

 

1

Class number

2

Undepreciated capital cost (UCC) at the start of the year

3

Cost of additions in the year (see Areas B and C)

4

Cost of additions from column 3 that are DIEPs (property must be available for use in the year)

5

Proceeds of dispositions in the year (see Areas D and E)

6 Footnote 1

Proceeds of dispositions of DIEP (enter amount from col. 5 that relates to DIEP from col. 4)

7

UCC after additions and dispositions  (col. 2 plus col. 3 minus col. 5)

8

UCC of DIEP (col. 4 minus col. 6)

9

Immediate expensing amount for DIEPs

10

Cost of remaining additions after immediate expensing (col. 3 minus col. 4 plus col. 8 minus col. 9)

11

Cost of remaining additions from column 10 that are AIIPs or ZEVs

 

12

Remaining UCC after immediate expensing (col. 7 minus col. 9)

 

13

Proceeds of dispositions available to reduce additions of AIIPs and ZEVs (col. 5 minus col. 6 minus col. 10 plus col. 11). If negative, enter "0"

14

UCC adjustment for current-year additions of AIIPs and ZEVs (col. 11 minus col. 13) multiplied by the relevant factor. If negative, enter "0"

15

Adjustment for current-year additions subject to the half-year rule. 1/2 multiplied by (col. 10 plus col. 6 minus col. 11 minus col. 5). If negative, enter "0"

16

Base amount for CCA (col. 12 plus col. 14 minus col. 15)

17

CCA rate %

18

CCA for the year (col. 16 multiplied by col. 17 or a lower amount plus col. 9)

19

UCC at the end of the year (col. 7 minus col. 18)

                                     
                                     
                                     
                                     
Total immediate expensing claim for the year: Total of column 9   i             Total CCA claim for the year Footnote 2 : Total of column 18   ii

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