Proceeds of disposition

The proceeds of disposition are usually the amount you receive or will receive for your property. This could include compensation you receive for property that has been destroyed, expropriated or stolen.

Special rules may apply if you dispose of a building for less than both its undepreciated capital cost and for less than your capital cost. If this is the case, see special rules for Disposing of a building in the year.

Forms and publications

• Guide T4002, Business and Professional Income
• Interpretation Bulletin IT-220, Capital Cost Allowance – Proceeds of Disposition of Depreciable Property
• Interpretation Bulletin IT-220SR, Capital Cost Allowance – Proceeds of Disposition of Depreciable Property
• Interpretation Bulletin IT-285, Capital Cost Allowance – General Comments

Related topics

• Disposing of a building in the year

Date modified:

2016-01-05