Rental Income

Jump to Page:
< Previous [ 1 ] Next >

sam002
Member since: Mar 10

Posts: 4
Location: Toronto
Post ID: #PID

Posted on: 23-03-10 22:06:59

I have a house and rent it to my parents to cover the basic costs (mortgage, property insurance). Am I allowed to zeo out the income from this rental from income tax prespective?

My yearly income is lower than the total amount I pay for th Mortgage, property tax and utlities alone.

Sam

Jump to Page: < Previous [ 1 ] Next >

Show Printable version

Send this page to a friend

Add to favorites

Discussions similar to: Rental Income
	Topic	Forum	Views	Replies
	info needed please	Real Estate & Mortgages	1779	1
	How to Buy Rental Property ( 1 2 3 4 )	Real Estate & Mortgages	8620	22
	Income spent on mortgage ( 1 2 3 4 )	Real Estate & Mortgages	6007	25
	What Expenses I can Claim In Rental Income?	Financial Planning	2731	3
	How much minimum carry home Salary needed to buy home 300-325K ( 1 2 3 ... Last )	Real Estate & Mortgages	16900	76
	Where to show basement rental income in tax return ( 1 2 )	Accounting and Taxation	5119	9
	General mortgage guidelines for 2nd property	Real Estate & Mortgages	1063	0
	Mortgage payments / Property Taxes and Tax refund !!	Accounting and Taxation	2242	2
	2009 tax return and rental income	Accounting and Taxation	2208	6
	Rental Income	Real Estate & Mortgages	1396	0
	Tax on rent	Accounting and Taxation	1277	2
	New rules for rental properties could squeeze first-time homebuyers	Financial Planning	2114	2
	What exactly is happening after April 19, 2010 ? ( 1 2 )	Real Estate & Mortgages	2605	7
	Rental Income	Accounting and Taxation	1481	0
	Buying a house with no proof of income	Real Estate & Mortgages	1328	3
	reporting world income	Financial Planning	1529	1
	Reporting Indian rental income on Canadian tax return	Accounting and Taxation	4244	5
	Need help - Tax on Global Income for canadians working abroad	Financial Planning	2070	1
	Claiming property tax of rental property	Financial Planning	2630	4
	Question - Mortgage for Incorporated Business (IT Consultants)	Financial Planning	1602	6
	Rental Property Co-ownership	Accounting and Taxation	1700	1
	Question related to Rental income splitting between married couple	Financial Planning	3382	3
	CURRENT MORTGAGE RULES	Real Estate & Mortgages	2806	1
	taxation question on rental income	Accounting and Taxation	336	0

Charcha

Rental Income

Discussions similar to: Rental Income