We acquired a condo in 2018 and rented it out, but we do plan to make it our home in 2 years or so. We do not own anything else. Should we claim CCA on the condo? Why?
Context/Concerns: capital gain tax and a recapture.
01302
1 Best answer
TurboTaxKim
Level 15
Oct 31, 2019 12:55:05 AM
While we cannot provide you with tax advice in a Yes or No answer to this question, we do have an informative link that explains the Dos and Donts of CCA for your rental property.
While we cannot provide you with tax advice in a Yes or No answer to this question, we do have an informative link that explains the Dos and Donts of CCA for your rental property.