Deducting Mortgage Interest on Rentals

Deducting-Mortgage-Interest Buying a rental property?  Here’s a CRA webpage that explains how to handle tax deductible mortgage expenses.

Did you know, for example, that mortgage insurance, appraisal fees, and legal fees can only be deducted over a period of five years?  (i.e.  20% per year for the first five years of your term)

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