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Capital improvements on a rental house
05-31-2018, 07:11 AM
Post: #2
RE: Capital improvements on a rental house
Capital improvements is an asset, and it is added to the cost of the building.
A rental building can claim capital cost allowance likely Class 1 at a rate of 4% per year.

In contrast, any repairs to the building can be classified as 100% expense.

Capital improvements are added to the adjusted cost base of the building, which will be used to determine the capital gains/loss when you sell the property.
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RE: Capital improvements on a rental house - Bumblebee - 05-31-2018 07:11 AM

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