Repair, or improvement?
Call an improvement a repair and you’ve deducted in one year what the form depreciates over decades. Two questions about the work you had done, and where the answer lands.
Does this expense restore the property to its original condition, or improve it beyond that?
The tracker asks this at the moment you log the receipt
By February you won’t remember whether the window was like-for-like. Capital answers move to their own schedule and raise the building’s cost base automatically.
The other two free tools
Every T776 expense line, and what belongs on it
All 13 expense categories in the CRA's own wording, with the things landlords most often file wrong: condo fees, mortgage payments, the appliance you replaced.
Open the cheat sheet CalculatorRental CCA, Class 1
The 4% declining balance, the half-year rule in your first year, and the cap that stops CCA from creating a loss. Plus what recapture means when you sell.
Run the numbersThis summary is generated from the information you entered and is provided for record-keeping purposes only. It is not tax advice. Verify amounts against your records and consult a qualified tax professional.