I have a rental property and for few months of this year, there were no tenants. Can I still claim rental expenses for those months on my tax return?
Allan Madan, CA
You can still claim rental expenses for those months as long as you were actively seeking for new tenants and the space was available for rent during the period.
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The information provided on this page is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided on this page.
ABOUT THE AUTHOR
ALLAN MADAN
CA.CPA.CGA
Allan Madan is a CPA, CA and the founder of Madan Chartered Accountant Professional Corporation. Allan provides valuable tax planning, accounting and income tax preparation services in the Greater Toronto Area.
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