Rental Property Renovation Expense

[Cougaridge]

I am currently renovating my rental property. I am planning to sell the property this year as well. If the house is sold this year, will the renovation expense considered current expense or capital expense? How can I deduct the renovation expense to the capital gain from the disposition of the property.

Thanks.

[TurboTaxJeffrey · Accepted solution]

it will be a capital expense.

http://www.cra-arc.gc.ca/tx/bsnss/tpcs/rntl/crcp-eng.html