Posted on November 29th, 2019 in General Business

Demolition Costs in the Real Estate Sector: Tax Consequences

Demolishing a building

In the 2019 Federal Budget, the government has heightened focus on tax compliance in the real estate sector. It is crucial that careful adherence to the rules is taken when relating to the tax treatment of costs related to the demolition of real properties.

Article from RSM Canada referenced with permission as a member of RSM Canada Alliance.