Tax Issues
As a landlord you have to be concerned about three main areas of taxation as a result of renting property:
- Goods and Services tax (GST)
Please note that, particularly with regard to income tax and capital gains tax, the law can be complex. For further information please consult Revenue Canada (http://www.cra-arc.gc.ca/menu-e.html) and/or your own professional tax advisor.
February 2006