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March 29, 2023
Question

I have 2 rental properties. When filing, do expenses e.g. supplies need to be separated PER rental property or can a percentage be assigned to x and y properties?

  • March 29, 2023
  • 1 reply
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    1 reply

    April 5, 2023

    You will need to accurately assign dollar amounts to the expenses for each property separately

    As per the Canada Revenue Agency (CRA), you have to keep records for each year you claim expenses.

    It is best to not mix these up in case the CRA asks to see them.

     

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