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New Member
posted Mar 31, 2024 11:28:43 AM

Is labour to instal new flooring in an income property a rental expense? or is it a capital expense?

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1 Replies
Level 5
Mar 31, 2024 12:26:24 PM

It can be treated as either depending on the situation. You can follow this link to see how the Canada Revenue Agency (CRA) defines current and capital expenses.

We suggest you to contact the CRA for the clarification.

 

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