Industries We Help

Rental Income (Investment Property and 2nd Unit)

• Rental Tax Returns (T776)

• Advertising

• Insurance

• Interest and bank charges

• Office expenses

• Professional fees (includes legal and accounting fees)

• Management and administration fees

• Repairs and maintenance

• Salaries, wages, and benefits (including employer's contributions)

• Property taxes

• Travel

• Utilities

• Motor vehicle expenses

• Other rental expenses

• Prepaid expenses

Airbnb

• Rental Tax Returns (T776)

• In addition to deducting expenses for rental income, you may also deduct the following:

  • New bedding

  • Toiletries

  • Cutlery

  • Plates and glasses

  • Extra key and lock box

  • Locks

  • Cleaning supplies and detergent

  • Snacks

  • Cleaning services

  • Licensing fees