What if you dont declare investment property

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anonymous

What if you dont declare investment property? I really appreciate your help.

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

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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