What are some tax deductions I can claim when buying a rental property in Canada?

Your Bottom Line | Mar 30, 2023

There are several tax deductions you can claim when owning a rental property in Canada. These include:

Interest on the mortgage for the property
Property taxes
Insurance
Repairs and maintenance
Legal and accounting fees
Capital cost allowance (depreciation) on the building and any equipment or appliances
Travel expenses related to the rental property, such as for inspections or repairs
And many more