Your Bottom Line | Accounting Firm in Courtice, ON

Property Rental - Deductions From Income

External Author   |  

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.

Read More

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

BACK