When you rent your property out at a below fair market value rate, CRA does not require you to report this as income, and of course you are unable to claim any expenses. This usually happens when you rent it out to a relative or someone you know and your expenses exceed your income.
When your rental expenses are consistently more than your rental income, you may not be allowed to claim a rental loss because your rental operation is not considered to be a source of income.
Please see this CRA document which explains this in more detail: CRA - Renting below fair market value
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