u/48_Franco

Hi there. I have a question about mortgage interest write offs against rental income

We have a condo with a small mortgage (Mortgage A) we then refinanced the condo with Mortgage B and consolidated mortgage A with Mortgage B. We used the excess funds from mortgage B to purchase a new principal residence and rented out the condo.

My question is can we write off any on the interest on our mortgage against any of the rental income. We live in Ontario. Thanks.