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Can I claim Reno expenses from previous years
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July 30, 2021
5:01 AM
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Self-employed
You cannot claim renovation expenses from previous years. However, if the renovations were significant and added value to a rental property, you could capitalize the cost and claim CCA on the new ACB against your rental income.
You can explore further by reading this blog: “Can Rental Expenses from a Previous Year be Deducted?”
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October 25, 2021
8:06 AM