Column 2 - Undepreciated capital cost (UCC) at the start of the year
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Column 2 - Undepreciated capital cost (UCC) at the start of the year
If this is the first year you are claiming CCA , skip this column.
Enter the undepreciated capital cost (UCC) for each class at the end of last year. These amounts are available from column 10 - UCC at the end of the year of your form for last year.
From your UCC at the start of the current fiscal period, subtract:
- any investment tax credit you claimed or were refunded last year;
- any current investment tax credit from last year you carried back to a year before last year; and
- a GST/HST input tax credit received last year for a passenger vehicle you use less than 90% for your business. For more information, go to Grants, subsidies, or other incentives or inducements.
Note
In the current year, you may be claiming, carrying back, or getting a refund of an investment tax credit. If you still have depreciable property in the class, you have to adjust, in the following year, the UCC of the class to which the property belongs. For that following year, subtract the amount of the credit from the UCC at the start of the year. When there is no property left in the class, report the amount of the investment tax credit as income in the year.
Forms and Publications
- Guide T4002, Business and Professional Income
- Form T2125, Statement of Business or Professional Activities
Related topics
- Date modified:
- 2016-01-05