A. There are a variety of expenses, but essentially any expenses related to the earning of rental income. A general list includes such items as mortgage interest, property taxes, insurance expenses, repairs and maintenance to the specific area, hydro, and cable and advertising costs. A review of form T776 will provide a more comprehensive list (see the forms page). If part of your rental premise is also your personal residence, some amounts will be prorated, and you may also be eligible to deduct a portion of repairs and maintenance to common areas. A word of caution – rebuilding parts of the house to significantly extend their useful life, such as rebuilding the roof, is NOT a repair, but is a capital expenditure and is NOT a deduction! For further information contact your Kemp Harvey office.