A taxpayer must file an election pursuant to Reg. 1101(5b.1) for each eligible non-residential building for which the taxpayer intends to claim the additional CCA. In rejecting the suggestion that classification of a qualifying non-residential building in a separate Class 1(a) or 1(b) on its return was sufficient for the taxpayer to be considered to have made the election, CRA stated that the text of Reg. 1101(5b.1) stated otherwise, and that the “taxpayer must, therefore, send to the Tax Centre serving the taxpayer a letter attached to the taxpayer's income tax return stating the taxpayer's election for each eligible non-residential building for the taxation year in which the subject building is acquired.” CRA further stated:
[I]t is possible for the taxpayer to make the election under subsection 1101(5b.1) I.T.R. over the Internet using either of the following methods:
- by using the "T2 Attach-a-doc" service
- indicating this election in the notes to the financial statements in the General Index of Financial Information (GIFI) of the tax return.