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Can you deduct lawyers fees on rental property CRA

 
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anonymous


Cra rental property lawyer s fee to close rental property
0     In Property

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    Q. Can you deduct maintenance fees on condo if not rental?


    "With your accountant how much you can write off but in general only rental..."



    Hello Harbajan, when it comes to your personal residence there is no write offs from income taxes unless you are claiming a portion of your home as a business use, office space, storage of goods etc... Please confirm with your accountant how much you can write off but in general only rental income properties are subject to the write off you mentioned. If you or any reader would like to discuss this further please do not hesitate to contact me at any time. Abraham Niyazi - Mortgage Agent - Lic# M08010640 - Centum One Financial Lic# 10758 - Cell: 416-993-4082 - Office: 1-866-RATE-708 http://www.centum.ca/abraham_niyazi/ I have access to 25 Banks/Lenders across Canada and 11 years experience in the industry.

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