CRA Denies These Rental Write-Offs: 6 Common Mistakes (Canada 2026) скачать в хорошем качестве

CRA Denies These Rental Write-Offs: 6 Common Mistakes (Canada 2026)

If you claim rental expenses in Canada, the CRA can deny or adjust them fast if you use the wrong rules. In this video, I break down 6 write-off mistakes that commonly get rental deductions denied on the T776. You’ll learn: Personal use vs rental use (don’t claim 100%) Repairs vs renovations (current vs capital) Mortgage: interest only (not principal) CCA depreciation (don’t use it blindly) Reporting all rental income (including non-cash payments) Records & receipts (what CRA expects) Helpful CRA resources to search: “CRA T4036 Rental income” “CRA Current or capital expenses” “CRA Capital cost allowance (CCA) rental property” Chapters 0:00 Rental write-offs CRA denies (common mistakes) 0:21 Personal use vs rental use (don’t claim 100%) 2:30 Repairs vs renovations (current vs capital) 5:12 Mortgage: interest only (not principal) 6:06 CCA depreciation (don’t use it blindly) 7:47 Reporting all rental income (including non-cash) 8:37 Records & receipts (audit-proofing) 9:31 Quick T776 checklist + wrap-up If you’re filing and you want something simple, I recommend Wealthsimple Tax. Use the link in the description and fund your account — we both get a $25 bonus. It’s straightforward and beginner-friendly. https://www.wealthsimple.com/invite/K... This content is for educational purposes only and does not constitute financial, tax, or legal advice. Always consult a qualified professional or the CRA directly for advice specific to your situation. This video includes affiliate links. If you sign up using my Wealthsimple link, both you and I may receive a bonus at no extra cost to you.