Column 3 - Cost of additions in the year

If you acquire or make improvements to depreciable property in the year, we generally consider them to be additions to the class in which the rental property belongs.

For the exceptions to this rule, see Class 3 (5%) and Class 6 (10%). You should:

• complete Part B and Part C on Form T776, Statement of Real Estate Rentals, if applicable; and
• for each class, enter in Column 3 of Part A the amounts from Column 5 - UCC after additions and dispositions for each class in Area B and Area C.

Do not include the value of your own labour in the cost of a rental property you build or improve. Include the cost of surveying or valuing a rental property you acquire.

A rental property usually has to be available for use before you can claim capital cost. To find out if any special considerations apply in your case, also see Changing from personal to rental use, Grants, subsidies, and other incentives or inducements, Grants, subsidies, and other incentives or inducements and Non-arm's length transactions.

Forms and publications

• Guide T4036, Rental Income
• Form T776, Statement of Real Estate Rentals

Related topics

• Changing from personal to rental use
• Rental - classes of depreciable properties
• Column 5 - UCC after additions and dispositions
• Grants, subsidies, and other incentives or inducements
• Non-arm's length transactions

Date modified:

2017-01-03