Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
G
grant-rach
March 31, 2024
Question

Is labour to instal new flooring in an income property a rental expense? or is it a capital expense?

  • March 31, 2024
  • 1 reply
  • 0 views
No text available

    1 reply

    I
    InnaE
    March 31, 2024

    It can be treated as either depending on the situation. You can follow this link to see how the Canada Revenue Agency (CRA) defines current and capital expenses.

    We suggest you to contact the CRA for the clarification.

     

    Thank you for choosing TurboTax.

    TurboTax Sign In Widget
    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsCookie settingsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification