Do you claim capital cost allowance?

[Andy Sung]

Hi,

I am curious if most BP members here with properties claim CCA during tax time.  There seems to be two camps where:

Take it : $1 save today is more valuable that $1 in the future, even with the recapture when selling the property

Not take it : due to huge increase of the asset price, when you sell, it will bump you up to higher tax bracket, and with the recapture, it will negate any tax write off you gain earlier.

Just wondering if there are any general rule of thumbs to follow?  

Thanks.