In indicating that the purchaser under an instalment sale became entitled to claim CCA on depreciable property upon taking possession even though the full purchase price has not yet been paid, CRA stated:.
[T]o the extent that a purchaser, in the context of an instalment sale, obtains possession, the right of use and the right to collect the fruits of a property and also assumes the risk of loss … [it] will be able to claim capital cost allowance when the purchaser takes possession of the property. …
[T]he vendor will have disposed of the property at the time the purchaser obtains possession of it, the right of use and the right to collect its fruits.