CCA loss on appliances - how to claim?

[Nicola]

Hello,
I had to replace a washer & dryer for a property last year, but I still have UCC (undepreciated capital cost) for the previous washer & dryer.

From what I've read, the class (Class 8) is still in use, so it can't be a terminal loss.

Do I enter $0 in Area D - Proceeds of disposition and in column 4 of Area A, and essentially keep claiming CCA on the first washer & dryer? It's not a huge amount of money, but I don't want to do it wrong and get the CRA's attention.

Thanks in advance!

 

[Rajiv7816]

Yes, no terminal loss allowed in this case.
Please add the cost of new washer n dryer in the same pool/group of class 8 and continue claiming CCA, new additions will be subject to half year rule.

 

[Nicola]

Thanks!

 

[RE123RE]

Hi,
Sounds like you could use an accountant.
Not because they do not make mistakes, because when CRA does look at you - having an accountant makes them look at you differently.
Thanks