• Please note that for USA Rentals taxpayers are required to depreciate the building and its assets(washers, dryers, HVAC etc) regardless of whether the taxpayer wishes to or if there is a loss. A continuous schedule is required.

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• Value of the structure(not land & building)- see your insurance policy

• Rental income for the year

• Mortgage interest paid

• Property tax paid

• Administration fees paid

• Motor vehicle expenses (see: Motor Vehicle Expenses)

• Maintenance costs

• Advertising costs

• Legal fees

• Management fees

• GST form(if applicable)

• List of appliances & purchase value(water heater, furnace etc.)

• Previous years CCA (depreciation of Assets) schedules even if you did not make a claim in teh prior year

Vehicle Expense Documenation

• CRA will always require a mileage log. Do you best to write your KM's on your gas receipts at each fill up

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• Vehicle Expenses

• Details Per Vehicle of Vehicle used and driven by (make, model, year, lease/owned/loan)

• Mileage Chart (ok I know most of you do  not have this but if you do great)

• Gas

• Maintenance & repairs

• Insurance Registration

• Parking

• Car Washes

• Speeding Tickets are not allowable as an expense - Sorry

Travel Documentation Required

• Details of purpose of trips if not for specific job/invoices - Specify why you traveled to the rental (this does not apply for local rentals - only those located outside of your principal location i.e. Calgary and Surrounding Area  and you travel to your vacation rental in Arizona or Vancouver Island etc.)

• Airfare receipts

•  Hotel/Lodging/ meals & entertainment

•  Laundry/ Dry Cleaning

•  Car Rental