Your weekly dose of tax knowledge - become tax savvy in just 2 minutes!
Q: I have engaged a service provider to do pest control for my rented out property, can I claim tax deduction on the charges against the rental income received?
A: Yes, as long as it is stated in the tenancy agreement that it is your responsibility to maintain the property in good condition, the charges incurred is deductible against your rental income.
Wishing you plentiful tax savings!
Zen Chow
YYC Tax Guru