{"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":[],"_links":{"self":[{"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/posts\/1695","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/comments?post=1695"}],"version-history":[{"count":1,"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/posts\/1695\/revisions"}],"predecessor-version":[{"id":14677,"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/posts\/1695\/revisions\/14677"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/media\/1697"}],"wp:attachment":[{"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/media?parent=1695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/categories?post=1695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evolvethought.com\/fortax\/wp-json\/wp\/v2\/tags?post=1695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}