If you’re planning to convert your current principal residence into an investment property by renting it out to a tenant, it’s important to adjust your cost base and have it fully documented when you move out. It’s all part of the service that I offer to all my clients. I will provide you with a detail market analysis based on comps in your building and neighbourhood as well as a written assessment of the current market value. Down the road, if you decide to sell this unit you’re going to need documents that will prove to the CRA, the adjusted cost base of the property on the date you moved out and turned it into a rental.