by clay | Jul 17, 2020 | Edmonton Bookkeeping
Often, people and up with rental properties unintentionally says Edmonton bookkeeping. Such as they are moving, but cannot find a buyer for their former home. And end up renting it out in order to ensure that they do not lose money on their property. This ends...
by clay | Jul 17, 2020 | Edmonton Bookkeeping
Regardless of the reason why a person might own one or more rental properties says Edmonton bookkeeping. Canada revenue agency considers this personal income. And therefore, the expenses they incur maintaining that rental property. Can be considered personal...
by clay | Jul 17, 2020 | Edmonton Bookkeeping
People who own properties and rent them out can claim this income personally says Edmonton bookkeeping. As long as the property owners are simply charging rent for the space and nothing else. They may include things in that rent such as the cost of the...
by clay | Jul 17, 2020 | Edmonton Bookkeeping
There might be many reasons why people might have rental properties that they own says Edmonton bookkeeping. And regardless of the reason why they have these rental properties. Canada revenue agency allows them to claim the income they receive from those rental...
by clay | Jul 17, 2020 | Edmonton Bookkeeping
Since the average Canadian pays 43% of their total income in taxes says Edmonton bookkeeping. They often try to claim as many expenses as they can on their personal tax return. To help minimize the taxes that they owe. These taxes are variety of things...
by clay | Jul 17, 2020 | Edmonton Bookkeeping
There are many questions that people have for their Edmonton bookkeeping company if they own rental property. They often want to know if they can claim the income they receive from these rental properties as personal income. Or if they need to claim that income...
