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🏠 Schedule L — Landlord Tax — All Provinces

Rental Income Tax Done Right — Every Deduction Claimed.

Canadian landlords leave thousands on the table every year by missing eligible deductions. Our advisors complete your Schedule L with every legitimate expense — from mortgage interest to capital cost allowance.

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✓ What We Claim For Landlords
✓ Mortgage interest (Schedule L)
✓ Property taxes
✓ Insurance premiums
✓ Repairs & maintenance
✓ Capital cost allowance (CCA)
✓ Property management fees
✓ Advertising & legal fees
✓ Utilities paid by landlord
✓ Travel to inspect property

Rental Deductions

Every Expense We Claim For Landlords

The CRA allows landlords to deduct a broad range of property-related expenses. Our advisors ensure every eligible cost is captured on your Schedule L.

Mortgage Interest

The interest portion of your mortgage payments is fully deductible. Note: principal repayment is not deductible.

Property Taxes

Annual municipal and provincial property taxes paid on your rental property — 100% deductible.

Insurance Premiums

Landlord insurance, fire insurance, and liability coverage premiums for the rental property.

Repairs & Maintenance

Routine repairs, cleaning, painting, and maintenance costs to keep the property in rentable condition.

Capital Cost Allowance

Annual depreciation on the building and rental appliances. Timing strategy matters — we model your optimal CCA claim.

Property Management Fees

Fees paid to a property management company to manage tenant relationships and maintenance coordination.

Advertising Costs

Rental listing fees on platforms like Kijiji, Rentals.ca, or a real estate agent's fee to find tenants.

Legal & Professional Fees

Legal fees for lease agreements, tenant disputes, and accounting fees related to the rental income.

Utilities

Water, hydro, gas, and internet when paid by the landlord and not recovered from tenants.

Travel Expenses

Reasonable travel costs to inspect, maintain, or collect rent from properties located away from your home.

Condominium Fees

Monthly condo maintenance fees for rental units held in condominium buildings — proportionally deductible.

Landscaping & Snow Removal

Regular upkeep costs for the grounds surrounding a rental property including lawn care and snow clearing.

Tax Strategy

Should You Claim CCA on Your Rental Property?

Capital Cost Allowance is powerful but complex. We model both scenarios and advise you on the optimal long-term strategy.

The CCA Decision

CCA lets you deduct annual depreciation on your rental building (typically 4% per year on Class 1) and appliances. It reduces your tax now — but lowers your Adjusted Cost Base (ACB), which can increase capital gains tax when you eventually sell.

Our advisors model both scenarios — claiming vs. not claiming CCA — so you can make an informed long-term tax decision.

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  • Reduces current year rental income tax
  • Useful when rental income pushes you into a higher bracket
  • Can be claimed on building AND appliances separately
  • Claimable on renovations that qualify as capital improvements
  • Reduces Adjusted Cost Base — increases capital gain on sale
  • CCA cannot create or increase a rental loss
  • Recaptured CCA is fully taxable income when property is sold
$0
Upfront Cost to File
12+
Landlord Deduction Categories
4%
Typical Class 1 CCA Rate
100%
Schedule L Accuracy Ensured

Common Questions

Rental Income Tax FAQ

What expenses can I deduct from rental income in Canada?
Canadian landlords can deduct: mortgage interest (not principal), property taxes, insurance, repairs and maintenance, property management fees, advertising, utilities paid by landlord, capital cost allowance on the building and appliances, and professional fees. Our advisors maximize every eligible deduction on your Schedule L.
Do I need to report rental income on my Canadian tax return?
Yes. All rental income from Canadian and foreign properties must be reported on your T1 return using Schedule L. Failure to report rental income can result in CRA penalties and interest charges.
Should I claim Capital Cost Allowance (CCA) on my rental property?
Claiming CCA reduces your current tax owing but also reduces your property's adjusted cost base, which can trigger a larger capital gain when you sell. Our advisors model both scenarios to determine the optimal CCA strategy for your long-term tax position.
Can I deduct mortgage payments on my rental property?
Only the interest portion of your mortgage payment is deductible — not the principal repayment. We break down your mortgage statements to calculate the exact deductible interest amount for each tax year.

Stop Overpaying Tax on Your Rental Income

Schedule L filing. Every deduction claimed. Upfront estimates starting at $99.

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