Tax Planning on Rental properties both in Canada and US

For more information, please contact us at TaxServices@AccXpert.com, or call us at 1-613-600-6988.

The tips of buying rental property

If you borrow money to buy or repair a rental property, make sure you arrange things so that the interest on the loan is tax deductible. That means keeping mortgages and lines of credit for the rental property completely separate from loans taken out to buy or improve your principal residence, which are not tax deductible.

Say you have a $100,000 mortgage on your home Read more