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As per CRA, you can deduct any reasonable expenses you incur to earn rental income. The two basic types of expenses are current expenses and capital expenses.
For more information on what we consider a current or capital expense, go to Current expenses or capital expenses.
Some expenses you incur are not deductible. For more information, go to Rental expenses you cannot deduct.
If you are modifying a building to accommodate persons with disabilities, buying an older building, or encounter other situations, go to Capital expenses – Special situations.
The following is a list of expenses that are deductible:
Please visit the links provided for further clarifications:
CRA: Rental expenses you can deduct
TurboTax: Claiming Expenses on Rental Properties
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