The tax implications of purchasing additional properties
or of renting property can sometimes be confusing.
are two principal taxes that must be considered: capital
gains tax and income tax. Income tax is
payable on the
net income from a rental property. Capital gains tax is
payable if the property is sold for
We do hundreds of rental property returns. Let us show you the expenses you can claim
and ways in which
to keep the paperwork up to date to enable the tax return to be done
in a timely manner.
Phone or e-mail us now! We can help!
Gary Booth CA Professional Corp.
#406 - 555 Burnhamthorpe Rd. | Toronto, On | M9C 2Y3