If the new roof shingles are of the same quality a...
Moderator

Investors and rental owners

If the new roof shingles are of the same quality as the ones they replace, then you can claim it as a maintenance expense.

If the new shingles are significantly better than the old ones, then it would be a capital expense. If you are taking CCA on the building, you would add the cost of the shingle replacement there.

If you have TurboTax Live Assist & Review, here is how to talk to a Tax Expert: https://turbotax.community.intuit.ca/replies/3456106


This widget could not be displayed.