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New Member
posted Oct 31, 2019 6:31:08 AM

Can I treat some of my Property Management Fee , Hydro and utilities as rental expense

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1 Best answer
Level 6
Oct 31, 2019 6:31:09 AM

Hi, thank you for using Intuit Turbo Tax AnswerXchange

If you are reporting rental income on T776 you can claim the related expenses. Expenses allowed by the Canada Revenue Agency (CRA) can be found at: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/rental-income/completing-form-t776-statement-real-estate-rentals/rental-expenses-you-deduct.html.

To the extent the expenses you mention are related to the rental, they should be an allowed claim if supported by the receipts/ documentation CRA may require.

CRA has documentation for the calculation of rental expense and personal portion at the following link:

https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/rental-income/rental-expenses-you-cannot-deduct.html#personal_portion_of_expenses

Hope this helps

1 Replies
Level 6
Oct 31, 2019 6:31:09 AM

Hi, thank you for using Intuit Turbo Tax AnswerXchange

If you are reporting rental income on T776 you can claim the related expenses. Expenses allowed by the Canada Revenue Agency (CRA) can be found at: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/rental-income/completing-form-t776-statement-real-estate-rentals/rental-expenses-you-deduct.html.

To the extent the expenses you mention are related to the rental, they should be an allowed claim if supported by the receipts/ documentation CRA may require.

CRA has documentation for the calculation of rental expense and personal portion at the following link:

https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/rental-income/rental-expenses-you-cannot-deduct.html#personal_portion_of_expenses

Hope this helps