Line 9948 - Terminal loss

If the amount in Column 5 - UCC after additions and dispositions of Part A is positive and you no longer own any property in that class, you have a terminal loss. More precisely, you have a terminal loss when you have no more property in the class at the end of a year, but you still have an amount you have not deducted as capital cost allowance (CCA).

In the year you dispose of your rental property, you can subtract this terminal loss from your rental income and, if the loss is more than your rental income, you can create a rental loss.

Enter any terminal loss you had on the sale of rental property on this line.

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

Forms and publications

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

Related topics

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

Date modified:

2017-01-03