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Smart Tax Optimizer

What Is Smart Tax

Smart Tax Optimizer is AnchorLease's AI-powered tax optimization tool. It scans all expenses stored in your Receipt Vault, checks each one against CRA rules, and identifies legitimate deductions you may have missed.

How It Works

  • The system reads all your receipts and expense records
  • AI analyzes each expense against CRA T776 rules for deductibility
  • Checks for commonly missed items (phone bills, software subscriptions, vehicle costs, and eligibility-sensitive household allocations)
  • Generates a detailed optimization report organized by T776 line number

Finding Missed Deductions

Most landlords miss $2,000–$5,000 per year in legitimate deductions. Smart Tax checks whether you've claimed the rental-use portion of your phone bill, property management software subscriptions, vehicle costs for driving to your investment property, and more.

T776 Line Mapping

Every suggestion is tagged with the corresponding T776 line number (e.g., Line 8810 for office expenses, Line 8960 for repairs), so your accountant can use the data directly.

Tip: Smart Tax Optimizer is a Pro feature. The more receipts and detail you have, the more accurate the suggestions. Run a full scan about a month before tax season.

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This tool provides legal information assistance and does not constitute legal advice. For professional advice, consult a licensed lawyer, paralegal, or accountant.