Can/should I claim CCA on furniture, building, etc. for a vacation property? We also have a primary residence, but vacation property is primarily for rental income.

[cdcnapier]

Our goal is to rent the vacation property out (AirBnB) for many years and then retire to this place and sell our current primary residence.

[TurboTaxSusan]

Yes, you can claim CCA for your rental property and its related items. However, you should discuss the tax implications with a professional before you do so. For example, if you take CCA on the building, in the short term it may provide a tax deduction against your rental income. But in the future, when you sell the property or convert it to a principle residence, you may have a large tax bill if the property has gone up in value. This blog post has more information on CCA for rental property: https://turbotax.intuit.ca/tips/dos-and-donts-cca-for-rental-property-explained-6377