What is the CCA rate for Class 43.1 and Class 43.2?
The CCA rate for Class 43.1 is 30% per year and the CCA rate for Class 43.2 is 50% per year, computed on the declining balance basis, and is subject to certain CCA deduction limitations as discussed in Question 7 below. In the year a Participant acquires a renewable energy property that has become available for use, the CCA rate is normally one-half of the rate that would otherwise be allowed. For further information on computing CCA, please refer to Chapter 4 of Guide T4002, Business and Professional Income.
