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Can mortgage interest, condo fees and property taxes be considered as part of costs to acquire the property to calculate capital gains?
Property does not generated any revenue
October 30, 2019
8:12 PM
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Investors and rental owners
None of those are considered "capital expenses" by CRA and can not be used as part of the adjusted cost base.
These are all considered personal expenses because this is a personal use property. You must report a gain but cannot claim a loss against personal use property.
October 30, 2019
8:12 PM