I am using TurboTax Canada 2022 Premier. I want to input "mortgage insurance" to my rental expenses. Which entry should I put ? "Insurance" ? or "Management" ?
As per the Canada Revenue Agency (CRA) the mortgage interest can be claimed but the mortgage insurance is not listed. Please see Line 8710 – Interest and bank charges.
Common deductible rental expenses include:
For more information please Contact the Canada Revenue Agency.
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