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What expense can I deduct from rental income?
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June 7, 2020
9:45 PM
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Investors and rental owners
As per CRA (Canada Revenue Agency),
The following is a list of expenses that are deductible:
- Advertising
- Insurance
- Interest and bank charges
- Office expenses
- Professional fees (includes legal and accounting fees)
- Management and administration fees
- Repairs and maintenance
- Salaries, wages, and benefits (including employer's contributions)
- Property taxes
- Travel
- Utilities
- Motor vehicle expenses
- Other rental expenses
- Prepaid expenses
For full information view link below:
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November 28, 2022
6:03 PM