can i claim a portion of my auto loan principal payment when i have a rental property or only the interest on this loan?

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You can only claim a portion of the INTEREST based on km driven for purpose of rental property business.  You cannot claim the auto loan principle.  However, you may put your vehicle on the Capital Cost Allowance (CCA) schedule and claim capital cost allowance for "rental business" km.  See Guide T4036 Rental Income guide on CRA website link for allowed motor vehicle expenses:  http://www.cra-arc.gc.ca/E/pub/tg/t4036/  Much valuable information for rental property owners.


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