Do you depreciate your building?

[Matt Belzile]

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

[Jim Johnson]

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 !