I have about $30,000.00 in expenses. for my rental property should I claim it all for 2018 or spread it out for a number of years?
With the exception of the Capital Cost Allowance, expenses must be claimed in the year in which they were incurred. If the expenses are related to buying assets such as appliances or related to making significant improvements/renovations to the property, these expenses are Capital Costs and should be entered in the Fixed Assets/CCA section of the Rental portion of your return.
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