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Investors and rental owners
@katsamour If you are asking about the legal costs on the purchase itself (not ongoing legal expenses), then CRA very clearly states that you don't expense it---that it is added to the purchase price---.
"If you incur legal fees to buy your rental property, you cannot deduct them from your gross rental income. Instead, divide the fees between land and building and add them to their respective cost."
More info: Expenses at purchase/sale
Saturday