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Credits and deductions
As per the Canada Revenue Agency(CRA), this would be considered a Capital expense and comes under the Capital cost allowance 10 class. You can refer to this CRA link for more detail: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/rental-income/current-expense...
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ā€ˇFebruary 18, 2023
2:34 PM