Blind Ranking (Setup 02) #6: Grading Your Rental Tax Moves

If you own a rental in Canada, grading your tax moves.

Dropped the "CRA approved in 2003" line.

B — Claim every deductible expense (property tax, insurance, repairs)

B — Deduct the mortgage interest on the rental

B — Keep every rental expense receipt

A — Use a separate account for rental income and expenses

D — Doing nothing with your personal mortgage

F — Mixing personal and rental finances

A — Cash Damming: rental income kills your personal mortgage while you

borrow to run the rental

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