📊 CRA Form T5013SCH8 – Capital Cost Allowance (CCA) Schedule 8
Schedule 8 (T5013SCH8) is part of the Canada Revenue Agency’s partnership information return (T5013). It is used by a partnership to calculate the capital cost allowance (CCA) it can claim for depreciable property used in the business or property activities during a fiscal period. The schedule also tracks changes to the undepreciated capital cost (UCC) of asset classes.
📥 Downloading the Form
Open fillable PDFs with Acrobat Reader 10 or later for proper accessibility.
📌 What Is Capital Cost Allowance (CCA)?
CCA is the term used in Canadian tax law for depreciation — the deduction that allows a partnership to allocate the cost of eligible capital assets (such as equipment, buildings, vehicles, etc.) over time for tax purposes. Each class of depreciable property has a rate and rules for calculating how much CCA can be claimed in a period.
📋 When to Complete Schedule 8
Complete T5013SCH8 if the partnership:
- Owned depreciable property used in its business or property sources during the fiscal period;
- Needs to calculate the amount of CCA claimable for the period;
- Must report adjustments involving property acquisitions, dispositions or designated immediate expensing property (DIEP) under the tax rules.
🧠 How It Works (Summary)
T5013SCH8 requires you to list each CCA class and track:
- 🔢 Undepreciated capital cost (UCC) at beginning and end of period;
- ➕ Cost of additions and new property available for use;
- ➖ Dispositions and adjustments (including designated immediate expensing property and other adjustments);
- 📉 Amount of CCA claimed for each class in the period.
A correct Schedule 8 ensures that the total CCA deduction claimed by the partnership is accurate and that partners receive the correct share of capital cost deductions allocated to them on T5013 slips.
📌 Related Schedules & Filing
T5013SCH8 is one of several schedules that may be required with a T5013 partnership information return, including:
- Schedule 1 – Net Income (Loss) for Income Tax Purposes
- Schedule 5 – Allocation of Salaries and Wages and Gross Revenue
- Schedule 6 – Summary of Dispositions of Capital Property
- Schedule 12 – Resource-Related Deductions
- Schedule 50 – Partner’s Ownership and Account Activity
The general CRA partnership guide (Guide T4068) offers detailed instructions on completing each schedule and integrating amounts into the partnership return.
📘 Tax Context & Tips
- 📑 Partnerships don’t pay tax directly; instead they allocate income and deductions, including the CCA amounts, to partners. Partners report their share on their own returns.
- 🧾 Ensure you enter the correct class numbers and UCC amounts — errors in Schedule 8 can affect partners’ taxable income and capital cost bases.
- 📊 Use CRA tools or professional software to calculate complex CCA entries for multiple asset classes and rules like immediate expensing or suspension of the half-year rule.
