My question is: Canadian-specific QUESTION: David, My wife and I purchased a new condo in Kelowna in 2003 that we exclusively rent out for $1200 per month. We pay $125 per month in condo fees and I was wondering if the entire condo fee is tax deductible. I was recently told by a colleague of mine that only a portion of the fee could be written off against the income. Thanks for your help. TXXXXXX --------------------------------------------------------------------------- david ingram replies: If the unit is a 100% rental, You can deduct 100% of accounting advertising mortgage interest interest on a down payment loan interest on loans for repairs or funding unit property taxes special assessments (although you might want to capitalize them) legal fees (to evict or draw up lease) legal fees to buy the unit are capitalized management fees bank charges cable vision utilities postage stationary There will be something else as well I am sure. go to www.centa.com and read the rental chapter of the TAX GUIDE on the left hand side of the home page. You should also read the November 2001 newsletter about making the interest deductible on your home mortgage. ===== Answers to this and other similar questions can be obtained free on Air every Sunday morning. 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