renting out current primary resident - tax incentive

[Vincent Phan]

Hi all,

Do anyone know if there's tax incentive when it comes to renting out your primary resident? We lived in for 3 years and already done all the remodeling. Now we need to upgrade to bigger house due to growing family. Can we take advantage of the same tax incentive as buying a new rental unit(s)? like force depreciation? We have about 50% equity. any input is welcomed!

Thanks,