Quote:

---

Originally posted by meitsme

Should I claim CCA every year or at the end when selling the rental property?
What is the normal practice for investor and what do you suggest?

---

I think some of your other questions were addressed in the posts above, but I want to touch specifically on these two questions quoted.

The CCA claim is not mandatory so you can take as much or as little as you wish; if you don't claim CCA in the current year, you can use it in the subsequent years. So when you don't have too much income from rental property, maybe it won't make sense to use your CCA claim.

You should look at claiming CCA from a cash-flow perspective as well: will claiming the CCA help reduce and completely eliminate your rental income reguarly?

Also keep in mind that, if you've been claiming CCA regularly, upon the eventual sale of the property, there may be 'recapture' of the CCA, which is 100% taxable as business income.

As you can probably imagine, it can get quite complicated, and there are many scenarios to go through, and you should seek a qualified tax consultant to help you maneuver through it all.