Can you use your rental revenue loss against your regular income?
I own a property that was not used at all in 2018.
I'm filing my taxes and I was wondering if I can deduce the interests, electricity, municipal taxes, condo fees from my income. Are there any restrictions?
Also side question, if you're not currently worried about cashflow, should I avoid claiming the CCA? (Since it's likely the property will gain value when I sell it)
I'm filing my taxes and I was wondering if I can deduce the interests, electricity, municipal taxes, condo fees from my income. Are there any restrictions?
Also side question, if you're not currently worried about cashflow, should I avoid claiming the CCA? (Since it's likely the property will gain value when I sell it)