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Updated almost 5 years ago on . Most recent reply
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Do you depreciate your building?
I'm wondering if my fellow Canadians depreciate their rental buildings? If so why? Does it come back to bite you when you sell?
Thanks,
Matt
Most Popular Reply
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No I don't deprecate any of my houses or apt buildings. I prefer to pay the taxes now while I still had a off site job and have extra cash flow. My Dad was a C.A. And we discussed it may times threw out the years but it would have been nice to get a difference between the 2 ways if I would have been ahead to deprecate everything. But now I'm retired and selling off a house every 2-3 years I appreciate the extra cash I get out !