Using tax deductions to own a country house for free?

[Account Closed]

Hey guys,

I’m in Quebec, Canada and looking to purchase a cabin/country house for personal leisure purposes.

But I’m thinking; if I rented it out a let’s say 2 weeks of the year, can I claim the other 50 weeks of the year that it won’t be rented as losses and deduct all the expenses? I figure if i can do that, the country house would be almost free for me to use the 50 weeks of the year.

Am i totally off here or can this work? Let me know your thoughts. Thanks guys. :)

[Aaron K.]

No that is tax fraud, because you'd only be able to claim the two weeks worth of expenses while the property was in service.