menu

Landlord Tax Guide for 2019

Date Posted
30 September 2019
If you’re a landlord, property owner, or real estate investor, our Landlord Tax Guide for 2019 will be a valuable guide for your strategic financial planning. With a real estate investment, there’s always some tax to pay – and occasionally, it can be substantial. Legally, you can’t ignore taxes – but there are certainly ways to minimize tax, particularly with proper preparation and planning. Pre-planning is the key to getting ready for tax season. With our Landlord Tax Guide for 2019 many of the confusing rules and regulations from CRA are clarified. When you understand tax deductions and tax implications you can plan better for maximum benefit. At the same time, it’s always preferable to consult with an experienced tax specialist prior to making any decisions.
Landlord Tax Guide for 2019

General Tax Deductions on Rental Properties

By following the guidelines in our Landlord Tax Guide for 2019, property investors can create optimum conditions for tax savings. Clearly, the aim is to submit every possible tax deduction on a rental property - from insurance, to interest, to utilities (all supported by proper paperwork).
  • Property insurance premiums can be deducted for the entire tax year. The full amount of an insurance premium can be deducted when 100% of your property is rented out completely.
  • Advertising costs can be deducted when you’ve paid for advertising to rent out your property. This would include newspaper, website, or similar advertising (full amount can be claimed).
  • Mortgage interest (and business loan interest) related to your rental property can be fully deducted. CRA allows you to deduct funds borrowed for construction, reno work, or upgrades.
  • All legal fees are eligible to be deducted – like mortgage related legals; appraisal fees; and fees that are paid to a lawyer. All of these are fully deductible as they support the rental property.
  • Residential property taxes (for the current year) can be deducted as they relate to your rental property. In a scenario where taxes apply to the entire property, the full amount can be deducted.
  • Utilities can be a major expense for a landlord. If you’re paying for the utilities, you can claim the full amount on your rental property. This would include water, heat, hydro, and cable TV.
While many landlords are familiar with the range of tax deductions, the Landlord Tax Guide for 2019 can be a valuable resource. Bottom line, it’s always a good idea to consult a professional.

Working with professional tax specialists like Rebate4U

In addition to the Landlord Tax Guide for 2019, the professionals at Rebate4U can provide very valuable guidance with all tax-related matters – particularly when claiming your New Residential Rental Property Rebate. Investors and landlords should not overlook the NRRP Rebate, as long as specific CRA guidelines are satisfied. If you’re a property buyer renting out your newly purchased property, you could benefit greatly from an NRRP Rebate. Find out more about all the possibilities by calling the experts at Rebate4U at 416-783-6969 (or toll free 1-800-610-4510). You can also send us a quick inquiry to find out more about our services today.

Contact Us

Rebate Calculator

Please enter the total value of your renovation including tax.

Total construction cost
(including taxes)
$
Search Our Blogs

More of our Blogs

30 September 2024

Signs You've Made a Mistake on Your New Condo HST Rebate Application

Read on to learn the signs you've made a mistake on your new condo HST rebate application!

View Full Post
13 September 2024

Benefits of Tearing Your Home Down to Its Studs

Renovating your home by tearing it down to the studs can seem like an extreme measure, but it's often the most effective way to transform your living space. This process involves stripping a house down to its basic framework and rebuilding it with modern materials, updated systems, and improved layouts. Whether you're fixing structural issues or reimagining your home, going down to the...

View Full Post
29 August 2024

Why Apply for the HST Rebate If You're Renting Your New Property for the Academic Year

If you’ve recently purchased a new condo or home, and do not anticipate occupying it immediately as your primary residence, then it can be financially beneficial to consider renting it to a student if you’re located near a post-secondary institution, as you may be able to apply for the New Residential Rental Property Rebate. As part of the HST Rebate in Ontario, the NRRPR allows...

View Full Post
15 August 2024

How to Get Money Back on Your Summer Home Rebuild

Many new and existing homeowners in Ontario take the warm summer months to complete their summer construction projects. If you’ve been working on a significant home renovation or building a brand new home from the ground up, then you could be eligible for the HST Rebate in Ontario. The popular rebate program is offered to residential home buyers and is meant to help homeowners save on the...

View Full Post
25 July 2024

Can Rental Properties Qualify for the HST Rebate in Ontario

Homeowners have allways had great opportunities to benefit from HST rebates in Ontario. However, now renters have similar opportunities, if you meet the eligibility criteria. Contact Rebate4U for more!

View Full Post
17 July 2024

How to Get Money Back from Your Home Construction with the HST Rebate in Ontario

Opting to build your own home from scratch has numerous benefits including the fact that you can obtain an HST Rebate. Contact Rebate4U for a free consultation!

View Full Post
21 June 2024

Benefits of Building Your Home with the HST Rebate in Ontario

Buying a new home in Ontario is a significant investment and a challenging process in the region’s competitive real estate market. As a result, many prospective home buyers look to buying land or properties that need large-scale renovations instead of buying directly from a builder or a ready-to-live-in, listed property. Understanding the financial benefits of building your own home with the...

View Full Post
11 June 2024

Frequently Asked Questions About the HST Rebate in Ontario in 2024

The new housing rebate is a fruitful opportunity for residential property owners and buyers across Ontario who fit the eligibility criteria. The HST Rebate in Ontario is applied to newly built or renovated homes and when applicable, can result in tens of thousands of dollars back into the pocket of the home buyers. When approaching the application process for the HST rebate on new homes or newly...

View Full Post
29 May 2024

Misconceptions to Avoid with HST Rebate on New Homes in Ontario

Residential property owners in Ontario looking to get money back that they've invested into their home have the opportunity to apply to the HST Rebate in Ontario. Designed to help lessen the cost of residential property ownership for your primary residence. This program has been available for many years and gives successful applicants a significant portion of their HST costs back.

View Full Post
17 May 2024

Why Avoid Late Filings for the New Home HST Rebate

For all your questions and application help, contact us today.

View Full Post
Homeowners, obtain an HST rebate of up to $30,000 today!
get started

Why Choose Rebate4U?

Experienced Specialists

For over 10 years, the Rebate4U team has the knowledge and expertise to help residential property owners throughout Ontario successfully apply for regional HST Rebate programs.

Free Consultations

Our specialists offer complimentary consultations where we review your eligibility to determine whether you qualify for an Ontario HST Rebate so you can proceed with your application confidently.

Millions Awarded

We are able to expertly navigate rebate opportunities, staying up-to-date on the most recent rebate developments and changes in the HST Rebate program to maximize returns. To date, we’ve successfully acquired millions of dollars for clients in total.

Customer Commitment

The Rebate4U team is dedicated to delivering the highest level of customer service, we are here to answer your questions and help you navigate the intracises of your application easily and efficiently.

Cashing-In on the HST Rebate is as Easy as 1-2-3
Contact REBATE4U

Set up a quick, free consultation with the Rebate4U team to explore your HST Rebate options.

COLLECT DOCUMENTS

Submit your required documents to Rebate4U, and we'll handle your application.

GET YOUR Money BACK

Apply for the rebate and receive thousands in rebates in just weeks with Rebate4U.

FIND OUT IF YOU QUALIFY

We are proud to be working with top Canadian companies

Recent Posts view all posts

Signs You've Made a Mistake on Your New Condo HST Rebate Application

Read on to learn the signs you've made a mistake on your new condo HST rebate application!

Read More

Benefits of Tearing Your Home Down to Its Studs

Renovating your home by tearing it down to the studs can seem like an extreme measure, but it's often the most effective way to transform your living space. This process involves stripping a house down to its basic framework and rebuilding it with modern materials, updated...

Read More
We Are Based

Rebate4U
101-3185 Bathurst St
Toronto ON
M6A 2B2

1-800-610-4510
info@rebate4u.ca

Connect With Us
Error...

Please, enter a valid value

We are sorry...

But the values you entered are invalid

Rebate

In celebration of our 3 year anniversary at Rebate4u Inc, we have decided to reduce our fee structure for all new home and renovation rebates including the New housing rental rebate.  

Don't waste your time looking for anyone else to take care of this because we will not be under sold.
Please fill out the form below or call us at 1-800-610-4510

Please, enter a valid value