This includes supplies like ballet shoes, body suits, drum sticks, and computer supplies or home office costs, plus rental, maintenance, insurance and capital cost allowance on instruments. (moneysense.ca)
A builder's bid sets cost allowances for lighting fixtures, flooring, countertops and other major features. (trendinghomenews.com)
The great news is that if you do go back and calculate the capital cost allowance on your rental you can use this to offset any capital gains earned on the property. (moneysense.ca)