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Property Rental - Deductions From Income

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If you rent out one or more rooms in your home, or if you own a rental property, there are many expenses that can be deducted in calculating your net rental income.  These expenses include mortgage interest (but not principal), property taxes, utility costs, house insurance, maintenance costs, advertising, and property management fees.

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Original Article Source Credits:  Tax Tips , https://www.taxtips.ca/

Article Written By: NA

Original Article Posted on : April 11, 2019

Link to Original Article: https://www.taxtips.ca/personaltax/propertyrental/rentalexpenses.htm

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