TurboTaxTatsiana1
New Member

Investors and rental owners

There is no Straight line depreciation  allowed on Canadian tax returns for Real properties. For depreciation ACB  for Canadian property you need to use FMV of the property at the time  of  deemed disposition from personal use to rental. 

If you converted property in 2016 or 2017 you also need to report deemed disposition  of your principal residence on your tax return.