Replaced shingles on roof of rented property - $8000 can I offset against income. I will stop renting out next year does that make a difference.
If the new roof shingles are of the same quality as
the ones they replace, then you can claim it as a maintenance expense.
If the new shingles are significantly better than
the old ones, then it would be a capital expense. If you are taking CCA on the
building, you would add the cost of the shingle replacement there.
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