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New Member
posted Oct 30, 2019 2:45:52 PM

On a Rental, Could I include property taxes, mortgage interest and insurance premiums as an expense?

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1 Replies
Level 7
Oct 30, 2019 2:45:54 PM

Yes, the T776 even includes line items for each of these:

  • 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 (not including capital cost allowance) 
  • Other expenses