Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
EnglishEN

Pick a language

Français English
cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
New Member

We purchased a condo as an investment in Dec 2013. Are there any expenses we can claim for the condo, such as property taxes?

My husband lived at the condo through-out 2014 since it was closer to his job, than from our house. He would come home on weekends.

We did not rent out the condo at anytime in 2014.

1 Best answer

Accepted Solutions
New Member

We purchased a condo as an investment in Dec 2013. Are there any expenses we can claim for the condo, such as property taxes?

No.  The condo was used for personal purposes throughout 2014.  Therefore any expenses for the condo are regarded as personal in nature and cannot be claimed.  You can only claim expenses against this property if it is being used to earn income. 

View solution in original post

1 Reply
New Member

We purchased a condo as an investment in Dec 2013. Are there any expenses we can claim for the condo, such as property taxes?

No.  The condo was used for personal purposes throughout 2014.  Therefore any expenses for the condo are regarded as personal in nature and cannot be claimed.  You can only claim expenses against this property if it is being used to earn income. 

View solution in original post