Leasing agent commissions are currently deductible

CRA treated commissions paid by an owner of rental buildings to leasing agents as currently deductible, stating that they "gave rise only to short term advantages – immediate or at most limited to the term of the lease" and they "must be renewed each year."

Neal Armstrong. Summary of 23 December 2014 Memo 2014-0535921I7 F under s. 18(1)(b) – capital expenditure v. expense – improvements v. repairs or running expense.