Depreciation of Rental Property -

QUESTION:
I own units in a Limited Partnership that holds apartment buildings.  The
accountant who completes our tax slip only claims enough depreciation (Not
the full 4% declining balance that is allowed according to CCA) in order to
get the profit down to zero. Why is it not possible to claim the full CCA
and show a loss for tax purposes?  Thank you in advance for your help.
-------------------------------------
david ingram replies:
Canadian law does not allow a landlord to deduct CCA to increase or create a
loss unless the building was built and purchased between 1974 and  Dec 31,
1981 with a drop out between Jan and Oct, 1980.
Hope this helps
----------------
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