I would say it’s a current expense, because you are just replacing something that was already there.
However, here is a page from the CRA with information that can help you decide: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/rental-income/current-expense...
I would say it’s a current expense, because you are just replacing something that was already there.
However, here is a page from the CRA with information that can help you decide: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/rental-income/current-expense...
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