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Updated almost 5 years ago on . Most recent reply

User Stats

29
Posts
15
Votes
Matt Belzile
  • Athlete/Investor
  • Squamish, British Columbia
15
Votes |
29
Posts

Do you depreciate your building?

Matt Belzile
  • Athlete/Investor
  • Squamish, British Columbia
Posted

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

  • Matt Belzile
  • Most Popular Reply

    User Stats

    15
    Posts
    5
    Votes
    Jim Johnson
    • Chicago, IL
    5
    Votes |
    15
    Posts
    Jim Johnson
    • Chicago, IL
    Replied

    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 !

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