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March 8, 2022
Question

Can I claim the purchase cost of an owner occupied duplex as a capital expense?

  • March 8, 2022
  • 1 reply
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    1 reply

    TurboTaxSusan
    March 12, 2022

    Yes, you can. But you may want to consult a tax professional before doing so, as it may affect your ability to claim the principal residence exemption on the property when you sell it. You can get more information on this Canada Revenue Agency (CRA) webpage: Changing all your principal residence to a rental or business property