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

Question

2987 viewsMarch 27, 2018Personal Tax

0

Anonymous Posted March 25, 2018

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

score 0 · Answer 1 · 2018-03-27T17:40:43+00:00

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

Mississauga's Thought Leader