Canada Tax Implications - Housing Loan

[kprs_ind]

I have a housing loan in India and I am paying the EMI. How does this impact or benefit me while filing tax here in Canada?
I am a recent PR.
Please provide inputs and links where I can get more information on this.

Thanks in advance! This forum is awesome which helped me in the most difficult situations during the PR process.

 

[hobbes]

If the property is rented, you need to pay tax on the rent received. However, the interest being paid on the loan can be deducted from the rental income.

http://www.cra-arc.gc.ca/tx/bsnss/tpcs/rntl/bt/rprt/xpns/ln8710-eng.html