Ask Allan Forum

Get expert answers to your tax questions straight from Allan, our owner and experienced CPA. It’s free, direct, and designed to help you make the best decisions when it comes to your taxes.

Can CMHC insurance ...
 
Notifications
Clear all

Can CMHC insurance add to ACB when selling The rental property?

2 Posts
2 Users
0 Reactions
1 Views
Posts: 0
(@Anonymous)
Joined: 1 second ago
[#146]

Sold rental property last year. Just wondering if I can add CMHC insurance to ACB.


1 Reply
Posts: 663
(@dexter)
Joined: 3 months ago

Hi, CMHC is a cost of financing and is not added to the cost (ACB) of the property.


Reply
Share: