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posted Oct 30, 2019 6:11:33 PM

What will be the right CCA category for renovation on a rental property (new kitchen, floors)? Its a house built around 1940 and we don't live in it. Thanks

Relating to the question above, can the renovations be added to the CCA category 1 on their own without the building? How do I separate the cost of the building from the land?  

What if I already have a rental loss for the year, should I hold off and add the CCA next year?   

Thanks!

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1 Replies
Level 11
Oct 30, 2019 6:11:34 PM

Class 1 seems like the right fit for the house. Use Class 1 for both the house itself and the cost of the renovations. 

If you installed new appliances, do not include these in the renovation cost. Appliances are depreciated in their own class - class 8.