Use of Capital cost allowance to make net rental income zero

[Livonian]

In spite of capturing all possible expenses on rental property, I am still left with some net income. To make it zero and to get full NR tax refund, am I allowed to claim 4 % capital cost allowance as expense?

Since the rental property was acquired few years back, 4 % is the rate and is helpful to bring down income. If that is the case, why is not every one using CCA? Am I missing some thing other than increasing capital gains when I sell it?

Thanks

[nelsona]

The only drawback I know is that if you were ever to want to live in that property ta on the change of use would be immeditely payable if you use CCA. Otherwise you get to defer tax until you actually sell.

I ALWAYS suggested CCA to anyone with rental income, and never had any bad side-efects.

[nelsona]

... and since you MUST use CCA in US return, makes ita no brainer for your 216.