Column 4 - Proceeds of dispositions in the year

If you disposed of a depreciable property during the current fiscal period, enter in column 3 - Cost of additions in the year of the appropriate dispositions area (Part 14, equipment dispositions in the year, or Part 15 - building dispositions in the year), one of the following amounts, whichever is less:

• your proceeds of disposition, minus any related expenses; or
• the capital cost of the property.

For each class copy the numbers from column 5 - UCC after additions and dispositions in Part 14 and Part 15 to column 4 of Part 11, "calculation of capital cost allowance (CCA) claim".

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, "equipment additions in the year or Part 13, "building additions in the year", whichever applies. Include the amount of insurance proceeds considered as proceeds of disposition in column 4 of Part 11, as well as in Part 14 or Part 15, whichever applies.

If you sell a property for more than it cost or if you receive insurance proceeds for a property that was lost or destroyed that are more than the cost of the property, you will have a capital gain and possibly a recapture of CCA. You may be able to put off adding this capital gain and recapture of capital cost allowance (CCA), if applicable, into income when you replace that property within a specific time limit.

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

• Capital gains
• Replacement property

Date modified:

2017-01-03