Property repairs before tax season is over

[Lucas Rowell]

Hello and good day BP family I hope you are having a great start to your day!

As the year is coming to an end I am looking at some maintenance projects that I would like to do on our investment properties.

-Are there any limits to write offs on maintenance done to investment properties?

-If we put in a new a/c or repair or put up new fence, etc can be reduced from taxable income?

-Are there some things that you do throughout the year with your properties that allow you to better manage your end of year tax realization?

Just looking at ways to reduce tax burden while improving the assets that are helping us to build our net worth.

Thank you kindly for any insights! :)

Cheers

Lucas