Calculating the tax on rental property sales when reno receipts are missing Is there a reasonable amount CRA will accept for repairs without receipts?

May 8, 2019

 

Q. My son-in-law bought a rental property in 1994 but has no documentation to show how much he paid. He believes it was $140,000 plus several thousand to make it livable to rent, but he has no receipts for any of this.

 

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