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:
- Column 1 – Class number
- Column 2 – Undepreciated capital cost (UCC) at the start of the year
- Column 3 – Cost of additions in the year (see Areas B and C)
- Column 4 – Cost of additions from column 3 that are DIEPs (property must be available for use in the year)
- Column 5 – Proceeds of disposition in the year (see Areas D and E)
- Column 6 – Proceeds of disposition of DIEP (enter amount from col. 5 that relates to DIEP from col. 4)
- Column 7 – UCC after additions and dispositions (col. 2 plus col. 3 minus col. 5)
- Column 8 – UCC of DIEP (col. 4 minus col. 6)
- Column 9 – Immediate expensing amount for DIEPs
- Column 10 – Cost of remaining additions after immediate expensing (col. 3 minus col. 4 plus col. 8 minus col. 9)
- Column 11 – Cost of remaining additions from column 10 that are AIIPs or ZEVs
- Column 12 – Remaining UCC after immediate expensing (col. 7 minus col. 9)
- Column 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"
- Column 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"
- Column 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"
- Column 16 – Base amount for CCA (col. 12 plus col. 14 minus col. 15)
- Column 17 – CCA rate %
- Column 18 – CCA for the year (col. 16 multiplied by col. 17 or a lower amount plus col. 9)
- Column 19 – UCC at the end of the year (col. 7 minus col. 18)
Class number |
Undepreciated capital cost (UCC) at the start of the year |
Cost of additions in the year (see Areas B and C) |
Cost of additions from column 3 that are DIEPs (property must be available for use in the year) |
Proceeds of dispositions in the year (see Areas D and E) |
Proceeds of dispositions of DIEP (enter amount from col. 5 that relates to DIEP from col. 4) |
UCC after additions and dispositions (col. 2 plus col. 3 minus col. 5) |
UCC of DIEP (col. 4 minus col. 6) |
Immediate expensing amount for DIEPs |
Cost of remaining additions after immediate expensing (col. 3 minus col. 4 plus col. 8 minus col. 9) |
Cost of remaining additions from column 10 that are AIIPs or ZEVs
|
Remaining UCC after immediate expensing (col. 7 minus col. 9)
|
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" |
UCC adjustment for current-year additions of AIIPs and ZEVs (col. 11 minus col. 13) multiplied by the relevant factor. If negative, enter "0" |
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" |
Base amount for CCA (col. 12 plus col. 14 minus col. 15) |
CCA rate % |
CCA for the year (col. 16 multiplied by col. 17 or a lower amount plus col. 9) |
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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