Werty

What will happen if you file 80% building/20 % land but the correct percentage should be 60% building/40% land?

I have similar questions too. The CRA guide does give me a bit information but doesn't answer my questions. How do you depreciate window blinds? Say purchase price of a rental property is $300,000 and 20% land, 80% building. Class 1, 4%, so $4800 is what I can depreciate for the first time?