Please see this Canada Revenue Agency (CRA) link to review Rental expenses you can deduct.
As per our TurboTax FAQ: What types of legal fees can I claim as deductions on my tax return?
If you own rental property, you might be able to deduct the following types of accounting and legal fees:
- Fees for services rendered to prepare leases or collect overdue rents, to cover bookkeeping services, audits of your books and records, and preparation of financial statements; or
- Fees for advice and help to prepare the tax return and any related information returns required related to the operation of the rental property.
Legal fees paid to buy a rental property can't be deducted from gross rental income. However, these legal fees may be added to the cost of the land, the building(s), or both.
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