ronnyk Posted February 24 Report Share Posted February 24 I have paid renovation of the roof and repair of the bath room while the house is rented to a couple in Quebec. Can I claim theses expenses to be deducted from my rental income? Thanks Quote Link to comment Share on other sites More sharing options...
Geo123 Posted February 24 Report Share Posted February 24 Hello ronnyk, Renovation of the roof / bathroom would be a capital expense that can be applied to CCA. Repair of a bathroom would be an expense. Quote Link to comment Share on other sites More sharing options...
ronnyk Posted February 24 Author Report Share Posted February 24 1 hour ago, Geo123 said: Hello ronnyk, Renovation of the roof / bathroom would be a capital expense that can be applied to CCA. Repair of a bathroom would be an expense. Appreciated your kind help Quote Link to comment Share on other sites More sharing options...
ronnyk Posted February 24 Author Report Share Posted February 24 26 minutes ago, ronnyk said: Appreciated your kind help But is there any place in the program to insert the renovation performed and then the program make the depreciation of it? Thanks again. Quote Link to comment Share on other sites More sharing options...
Geo123 Posted February 25 Report Share Posted February 25 Hello ronnk, You are welcome. 1. On the "Left-side menu on the Interview tab", select the heading "Rental property income". 2. On this section, go to the sub-section entitled "CCA", which already contains the information on your building. 3. On the line for "Description and amount of capital additions", in the first field, enter the description of the item, then enter the amount of it. 4. On the line for "Application of the half-year rule to the current year's additions", select the option that corresponds to the situation. 5. If you do not wish to claim the CCA for this expense, go to the line "Limit to the CCA of this class" and enter $ 0.00, otherwise enter the amount of CCA you wish to claim that is subjected to the deduction maximum allowable. This expense will be carried over by the program on page 3 of Form T776, specifically in Area C of this form, and the amount will be added in column 3 of Area A. Quote Link to comment Share on other sites More sharing options...
ronnyk Posted March 3 Author Report Share Posted March 3 Thank you Geo123 Quote Link to comment Share on other sites More sharing options...
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