New answers tagged

1 vote

figuring out the cost basis of a primary home converted to rental and then off rental

You're probably asking how to characterize it to your tax software. It is an investment property. my "main home" (doesn't seem to me as I live elsewhere); No. It is "mixed use", ...
user avatar
  • 127k
2 votes
Accepted

Is a depreciation claim on a rental property basically always worth it in Canada, given stable income?

Yes, it is better to take depreciation most of the time, but not quite as much as you imply. Keep in mind the rules of depreciation in Canada: Depreciation on rental properties reduces your rental ...
user avatar

Top 50 recent answers are included