Tax Checksdeductions
Did my rental deductions create a bigger problem?
Some deductions permanently change your tax position.
Is this you?
- I deducted rental expenses
- The property was partly my residence
- I claimed depreciation (CCA)
"If it's a rental expense, I should deduct it."
Claiming CCA on a principal residence can trigger a change in use, potentially losing future tax-free capital gains.
Why guessing is risky
- Change-in-use reviews often occur years later
- Capital gains exemptions can be permanently lost
- Corrections after sale are extremely difficult
Safe to ignore if
- The property was 100% rental
- No CCA was claimed
Stop and check if
- The property was mixed-use
- CCA was claimed
- Future sale is planned
Resolve the doubt
Check my rental deduction risk (2 minutes)We'll tell you if this needs reporting and what to do next.
"Most people adjust one deduction to protect long-term tax benefits."