Does a portion of mortgage payments that reduce principal should not be deducted from rental income?

Ontario, Canada


The following excerpt is from P.I. v. R.O., 2022 ONCJ 120 (CanLII):

[96] The portion of mortgage payments that reduce principal should not be deducted from rental income as it increases the value of the property. See: Siddiqui v. Anwar, 2018 ONSC 219.

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