Yes, that is correct. And please keep a detailed record of everything you are claiming as the CRA may ask for it later.

Please review the links provided below for further information:

• How do I enter my rental income and expenses in TurboTax?
• Owning a Rental Property With a Spouse
• Rental Property FAQ: Common Deductible Expenses

• Taxes Owed on a Rental Property

Footnote: We at TurboTax want to encourage you and your close family to take all necessary precautions to ensure your safety. Please review the articles provided below for more information during these difficult times: 

• Tax Deadlines & Benefits Changes: A Response to COVID-19 for Individuals & Small Business 
• Canada Emergency Response Benefit (CERB) 
• Apply for Canada Emergency Response Benefit (CERB) with CRA