Please indicate ALL the statements that are true. O Initial repair costs to a rental property are not deductible, but travelling to inspect a rental property is deductible. Damage occasioned by the tenant to the rental property is considered to have occurred in the course of producing assessable income and the cost of repairs will be deductible. Interest on borrowed money used to purchase a residence by a chartered accountant is not deductible but would be deductible if he had purchased a rental property instead. If the clothing is conventional, dry cleaning is of a private nature. The payment of the sickness insurance premium is deductible under s.8-1.