QUESTION: I will be leaving the country for 2 years to work overseas. Given
the quickly rising home prices in Calgary, I wanted to buy a home before I
leave. When I return in 2 years this home will become my principle residence
but for the next 2 years I will rent it out. Can I deduct mortgage payments
as a rental expense for the next 2 years before it becomes my principle
residence? Also, if I renovate parts of the home and replace the appliances
immediately so the renters benefit from them for the next 2 years, can I
deduct these expenses or a portion thereof?
Thank you,
