How to Write Off Repair & Maintenance| Capital Expense VS Current Expense | Real Estate Tax Tips

How then do you know which expense is a capitalized expense or a current expense? What criteria does the CRA consider?

In the real estate investing world, spending money on updating your property is inevitable, even if you are buying a new place.

But, there are a variety of expenses that you can deduct against your rental income or the future sale price of the property. These expenses are either capitalized expenses or current expenses.

Watch today’s video where I’ll show you how to determine capitalized or current expenses and how to write off repairs and maintenance the right way in the eyes of CRA.


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