What are the steps to claim the mortgage tax deduction for rental property owners in Canada?
Rental property owners in Canada can use Form T776 to claim rental income and expenses. They can also use online filing software like Wealthsimple Tax, Vertex, or Canada.ca for easy calculations. Additionally, watching tutorials on YouTube or searching on Google can be helpful. For more personalized advice, consulting with experts can assist citizens in determining deductible amounts based on their specific situation.