Available for use rules

You can usually claim capital cost allowance on a property only when it becomes available for use.

Property other than a building usually becomes available for use on whichever is earlier:

• the date you first use it to earn income;
• the second tax year after the year you acquire the property;
• the time just before you dispose of the property; or
• the time the property is delivered or made available to you and is capable of producing a saleable product or service.

A building or part of a building usually becomes available for use on whichever is earlier:

• the date you start using 90% or more of the building in your business;
• the second tax year after the year you acquire the building; or
• the time just before you dispose of the building.

A building that you are constructing, renovating, or altering usually becomes available for use on whichever is earlier:

• the date you complete the construction, renovation, or alteration;
• the date you start using 90% or more of the building in your business;
• the second tax year after the year you acquire the building; or
• the time just before you dispose of the building.

Forms and publications

• Guide T4002, Business and Professional Income