Line 9947 – Recaptured capital cost allowance

A recapture of capital cost allowance (CCA) can happen if the proceeds from the sale of depreciable rental property are more than the total of the following amounts:

• the undepreciated capital cost (UCC) of the class at the start of the period
• the capital cost of any new additions during the period

If you have a recapture of CCA (the amount in column 7 – Undepreciated capital cost (UCC) after additions and dispositions (column 2 plus column 3 minus column 5) of Area A is negative), enter it on this line.

If you are a co-owner, enter your share of the recapture.

Forms and publications

• Guide T4036, Rental Income
• Form T776, Statement of Real Estate Rentals
• Income Tax Folio S3-F4-C1, General Discussion of Capital Cost Allowance

Related links 

• Capital cost allowance (CCA) for rental property
• Ownership