Column 3 - Cost of additions in the year

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

• Fill in Part 12 "equipment additions in the year", and Part 13 "building additions in the year", of Form T2125, Statement of Business or Professional Activities; and
• enter, in column 3 of Part 11 "calculation of capital cost allowance (CCA) claim", for each class, the figure from column 5 - UCC after additions and dispositions of each class in Part 12 and Part 13.

If a chart asks for the personal part of a property, this refers to the part that you use personally, separate from the part you use for business. For example, if you use 25% of the building you live in for business, your personal part is the other 75%.

Do not include the value of your labour in the cost of a property you build or improve, include the cost of surveying or valuing a property you acquire. Remember that a property usually has to be available for use before you can claim capital cost allowance (CCA).

If you received insurance proceeds to reimburse you for the loss or destruction of depreciable property, enter the amount you spent to replace the property in column 3 of Part 11 as well as in Part 12 or Part 13, whichever applies. Include the amount of insurance proceeds considered as proceeds of disposition in column 4 - proceeds of dispositions in the year of Part 11, and in Part 14, "equipment dispositions in the year" or Part 15, "building dispositions in the year", whichever applies.

If you replaced a lost or destroyed property, special rules for replacement property may apply to you. The replacement property must be acquired within two years of the end of the taxation year in which it was lost or destroyed.

Forms and publications

• Guide T4002, Business and Professional Income
• Form T2125, Statement of Business or Professional Activities
• Interpretation Bulletin IT-259, Exchange of Property
• Interpretation Bulletin IT-491, Former business property
• Interpretation Bulletin IT-491SR, Former business property

Related topics

• Available for use rules

Date modified:

2017-01-03