What can you deduct from condo investment in tax declaration

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anonymous

Can you deduct canadian home equity interest on us investment property

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Q. Can i deduct property tax and mortgage interest on my investment property which is a condo i am renting?

"Interest as well as property tax and maintenance from your investment property in canada..."

Yes, you can deduct mortgage interest as well as property tax and maintenance from your investment property in Canada . If you own multiple units and you are the one managing them you should also open a property management company and charge your properties a management fee which is also tax deductible.

Someone said: What if the property is held outside of Canada in another country such as Ecuador?

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Q. How to deduct investment fees canada?

"I purchase it for 647500.00 how much capital gain should i pay and also..."

I have a rental property, which I want to sell it for 13000000. I purchase it for 647500.00 how much capital gain should i pay and also what is the all the deduction that I can deduct from it? If I don`t have a management company can I use or calculate time that I have been using to manage the property? The cleaning, appliances, or repair can be deducted from capital gain? The comission that I have to give to the realtor can be deducted from the capital Gain. Tahnk you for all your help.

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Q. Where do i deduct interest expense on investment loans ufile?

Under interest / investment income you can add a form called "carrying charges or interest expenses (line 221)

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