Updated over 4 years ago on . Most recent reply
Do I need maintenance invoices from PM for taxes?
Hey all,
A few months ago I bought a 3 unit out of province which means I'm now using a PM for the first time. They set me up with Buildium which shows a ledger with all the maintenance items they performed and how much it costed. As you can imagine deducting these maintenance and improvement items for my taxes is important. For my local rental house I have hard copies of all receipts in case CRA ever audits me.
Is this PM ledger sufficient enough for CRA? This is probably a question for an accountant but I've always filed my own taxes and thought I'd see what you guys are doing.