Bring in your CCA opening balances

If you were already depreciating assets before you started using Wealtharu, you can bring in each pool's opening balance so we carry it forward correctly. This is the carried-forward undepreciated capital cost (UCC) for your capital cost allowance (CCA) pools. Tooling, not tax advice.

This is a setup step only. Recording an opening balance does not claim any CCA and does not change your T776 yet. It just stores the starting point.

What a CCA pool is

CCA is tracked in pools by class, per owner:

• Class 8 (appliances, furniture) and Class 10 (vehicles) are pooled together across all your properties for each owner.
• Class 1 (the building) is pooled too, except a rental building that cost $50,000 or more sits in its own separate pool for that building. Smaller buildings pool together.
• Each co-owner has their own pools and their own opening balances.

Where to find it

Open Money → Tax package (T776) and scroll to the Capital cost allowance (CCA) pools panel. If you do not see it, the feature is not turned on for your account yet, or no owners are set up for your properties.

Each pool shows its opening UCC for the year, the additions and dispositions we have on record, and the pool balance carried into next year.

Set an opening balance

1. Pick the owner (if you have more than one).
2. For a pool we already show, type the opening UCC in the box and choose Set opening (or Update).
3. For a pool of older assets you have not entered in Wealtharu yet, use Add a pre-existing pooled balance: choose the class, enter the amount, and save.

Enter the amount as the carried-forward UCC at the start of the year. If a pool already has assets you added to Wealtharu that were acquired before that year, make sure your opening figure includes them. We show a note when that happens, and we do not add those assets again on top of your figure.

Good to know

• Amounts are stored in exact dollars and cents.
• An opening balance dated in a closed accounting period is refused. Re-open the period first if you need to change it.
• Every change is recorded in the audit trail.
• We never guess a number for you. A pool with no assets and no opening balance simply does not appear.

Wealtharu does not yet calculate your CCA claim or recapture. Your accountant determines the amount you claim. This step only records the starting balances so they are ready when claiming arrives.