I rent out a room in my house and needed to replace the broken furnace in 2022. I have not claimed my house as a business expense. Can I claim the cost of the furnace as CCA or is that just considered an 'improvement' to the house? The fact that the furnace is class 1 is what has me concerned. Thanks.
I would recommend contacting the CRA and getting their opinion.
If you are unsure of your residency status, you will need to contact the Canada Revenue Agency (CRA) and confirm it with them.
If you are in Canada or the United States, you can call the CRA at 1-800-959-8281. If you are elsewhere, you can call 613-940-8495. This page has more ways to contact the CRA: Contact the Canada Revenue Agency.
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