Manufacturing and processing buildings that do not meet the 90% use test will be eligible for the additional 2% allowance if at least 90% of the building is used in Canada for non-residential purposes at the end of the tax year.
To be eligible for the 6% additional allowance, at least 90% of a building (measured by square footage) must be used in Canada for the designated purpose at the end of the tax year. The additional allowance applies to buildings acquired after March 18, 2007, (including a new building, if any part of it is acquired after March 18, 2007, when the building was under construction on March 19, 2007) that have not been used or acquired for use before March 19, 2007. If you do not file an election to put it in a separate class, the 4% rate will apply. To make the election, attach a letter to your return for the tax year in which you acquired the building. To be eligible for one of the additional allowances, you must elect to put a building in a separate class. The CCA rate for other eligible non-residential buildings includes an additional allowance of 2% for a total rate of 6%. The CCA rate for eligible non-residential buildings acquired by a taxpayer after March 18, 2007, and used in Canada to manufacture or process goods for sale or lease includes an additional allowance of 6% for a total rate of 10%.
Class 1 also includes the cost of certain additions or alterations you made to a Class 1 building or certain buildings of another class after 1987. Class 1 includes most buildings acquired after 1987, unless they specifically belong in another class.
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