Can I deduct my entire mortgage payment on a Canadian rental property?

No. You can only deduct the interest portion of your mortgage payment, not the principal repayment. The principal portion reduces your loan balance and is not tax-deductible.

Should I claim Capital Cost Allowance (CCA) on my rental building?

Claiming CCA reduces your taxable rental income now, but it triggers 'CCA recapture' when you sell the property, meaning all past depreciation will be taxed as regular income in the year of sale. TaxTribe analyzes your future exit horizon to determine if claiming CCA is beneficial.

🏠3.6 For Landlords

Rental Property Tax Filing in Canada
Maximize Cash Flow & Deductions.

Own condos, single-family homes, or multi-unit rentals in Canada? TaxTribe prepares your Form T776 with surgical precision, unlocking maximum mortgage interest, property taxes, maintenance, and insurance write-offs.

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                Complete Form T776 Statement of Real Estate Rentals preparation
              

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                Mortgage interest, condo maintenance fees, property taxes, & utility deductions
              

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                Capital Cost Allowance (CCA) strategy to prevent costly future tax recapture
              

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                Principal residence change-of-use elections (Section 45(2) and 45(3) elections)
              

100% CRA Compliant T776

$5,100+ Avg. Deductions Per Unit

Audit Shield Direct CRA Representation

Rental Property Tax Review

CPA assessment • Multi-unit discounts • Audit proof

Eligible Canadian Rental Write-Offs

Every legitimate property expense deducted against your rental income.

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Mortgage Interest & Financing

Deduct annual interest statements from your Canadian financial institution, mortgage application fees, and loan appraisal costs.

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Repairs vs. Improvements

Our CPAs clearly delineate between 100% immediate current expense write-offs (painting, plumbing, repairs) and capital additions (Class 1/8 CCA).

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Property Taxes & Condo Fees

Full write-off of municipal property tax assessments, residential rental insurance policies, and monthly condo maintenance fees.

Rental Property Tax Filing in Canada Maximize Cash Flow & Deductions.