New Tax Initiative - Rental Properties

With the new Precedence tax initiative in place, we will file taxes more efficiently and seamlessly for you.
Not only will we eliminate the dreadful "Tax Stress" you will receive your tax refund more quickly. The video enclosed explains in detail how to properly prepare your rental information and describes the most commonly misprepared or misunderstand areas when it comes to rental properties.
As always, we want to 𝙩𝒉𝒂𝒏𝒌 𝒚𝒐𝒖 𝒇𝒐𝒓 𝒘𝒂𝒕𝒄𝒉𝒊𝒏𝒈 𝒕𝒉𝒊𝒔 𝒗𝒊𝒅𝒆𝒐. We are extremely grateful for your attention and consideration. We know there are many other things you could be doing with your time and we commend you for your commitment to growing your wealth!
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[@parade8]

If my rental is in a different province and i need to fly there periodically to meet with a contractor, is that also deductible?

[@precedenceprivatewealth2872]

@parade8
The deductibility of travel expenses for rental property can depend on various factors, including the purpose of your trips and the nature of your activities. Generally, if the purpose of your travel is directly related to the management or maintenance of your rental property, it may be deductible.
However, tax laws can vary between provinces, so it's crucial to consult with a tax professional or accountant familiar with the specific regulations in both the province where your rental property is located and your primary residence. They can provide personalized advice based on your situation.
Always keep detailed records of your expenses, including receipts and a log of the business purpose of each trip, to support any potential deductions.