{"id":1695,"date":"2021-09-08T09:30:16","date_gmt":"2021-09-08T13:30:16","guid":{"rendered":"https:\/\/fortax.ca\/?p=1695"},"modified":"2022-10-18T21:14:47","modified_gmt":"2022-10-18T21:14:47","slug":"taxes-and-revenue","status":"publish","type":"post","link":"https:\/\/evolvethought.com\/fortax\/2021\/09\/08\/taxes-and-revenue\/","title":{"rendered":"Taxes and Revenue"},"content":{"rendered":"<style>\n.page-title-inner {display: none;}<br \/>\n.entry-header-text-top {display: none;}<br \/>\ndiv#comments {display: none;}<br \/>\n.entry-author {display:none;}<br \/>\nfooter.entry-meta {display: none;}<br \/>\n.subul {margin:0;list-style:revert;}<br \/>\n<\/style>\n<h2>Taxes and Revenue<\/h2>\n<h3>Is Your Home An Asset Or A Liability?<\/h3>\n<p>In Canada, the mortgage on your home is not tax deductible, but the interest and<br \/>\nbanking fees from a rental mortgage are. Along with all reasonable expenses<br \/>\nincurred to earn rental income. This includes property taxes, professional fees,<br \/>\nrepair and maintenance, advertising, utilities, and more.<br \/>\nClaim every possible deduction to support your cash flow. With careful planning<br \/>\nand a great rental property, all your costs will be paid through the rent revenue. As<br \/>\nthe mortgage gets paid down, it will generate passive income.<br \/>\nLearn the landlord strategies that offer the greatest success. Such as how to<br \/>\nappraise the income potential of a property that\u2019s listed for sale.<br \/>\nAsk your FORTAX Financial Advisor to help you develop a thorough business case.<br \/>\nEvaluate the expenses and local rental rates for similar properties. Don\u2019t buy any<br \/>\nproperty that cannot pay for itself, or your cash flow will become negative.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In Canada, the mortgage on your home is not tax deductible, but the interest and banking fees from a rental mortgage are. Along with all reasonable expenses incurred to earn rental income. This includes property taxes, professional fees, repair and maintenance, advertising, utilities, and more. <\/p>\n","protected":false},"author":1,"featured_media":1697,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"footnotes":""},"categories":[72],"tags":[138,110,139],"class_list":["post-1695","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fortax-blog","tag-cashflow","tag-fortaxwealth","tag-rentalmortgage"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"In Canada, the mortgage on your home is not tax deductible, but the interest and banking fees from a rental mortgage are. Along with all reasonable expenses incurred to earn rental income. 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