We are renting it out a separate suite within our principal residence - reno cost is over 3x the house's (not land) assessed value - worth declaring CCA to recoup reno $?
We are renting it out a separate suite within our principal residence - reno cost is over 3x the house's (not land) assessed value - worth declaring CCA to recoup reno $?
You should talk to someone knowledgeable in this topic before taking CCA on your principal residence.
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