Claim capital cost allowance (CCA)

Capital cost allowance (CCA) is the tax depreciation you may deduct on your building and depreciable assets. It is optional. You choose how much to claim each year, from nothing up to a maximum. Wealtharu defaults every pool to claiming $0 and never claims for you. Tooling, not tax advice.

This step records your decision. It does not change your T776 number yet. Putting CCA on the return itself comes in a later step.

Where to find it

Open Money → Tax package (T776) and scroll to the Claim capital cost allowance (CCA) 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.

How much you can claim

Each pool shows two numbers:

• Maximum this year is the most CCA that pool could produce on its own.
• You may claim up to is what you can actually claim now. It is the lower of the pool maximum and the room left under the loss rule below.

Pick the owner (if you have more than one), type the amount to claim for a pool, and choose Save claim. Leave it blank or $0 to claim nothing for that pool.

CCA cannot create a rental loss

CCA can reduce your net rental income to $0, but not below. This limit is on your whole rental portfolio combined, not one property. The banner at the top shows your net rental income before CCA, how much you have claimed so far, and the room left to claim. Once you reach that room, no more CCA can be claimed for the year, even if a pool's own maximum is higher. A property with a loss lowers the room for everyone.

When a pool cannot be claimed

Sometimes a pool shows a note instead of a claim box:

• A sale of an older asset needs reconciling. If a pool sold an asset that was acquired before its opening year, set the opening balance to include that asset first, so the claim is correct.
• Ownership does not add up to 100%. Complete the owners' shares on the property first.
• Nothing to claim. The pool's maximum is $0 this year.

Approvals

If you are an operator, your claim is held as pending and changes nothing until an owner or approver signs off. They review it in the Approvals queue, where the limit is checked again before it counts. You cannot approve your own claim.

Good to know

• The default is always $0. We never claim the maximum for you.
• Claiming CCA on a building can affect your principal residence exemption. Talk to your accountant.
• A claim dated in a closed accounting period is refused. Re-open the period first if you must change it.
• Amounts are exact dollars and cents, and every decision is recorded in the audit trail.

Wealtharu gives you the maximums and enforces the loss rule. Your accountant decides what to claim.