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gosselst
New Member

Where do I indicate value added to a rental property after I have completed renovations?

 
1 Reply

Where do I indicate value added to a rental property after I have completed renovations?

It would depend. If you are taking CCA on the property, then you would enter it as an addition to the class.

 

If you aren’t taking CCA on the property, then you don’t need to include it on your tax return until you sell it. At that time you would include it as part of your adjusted cost base for the property.

 

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