Latest Updates Around The World
Rental income When you earn rental income, you report it on your personal tax return on form T776 Statement of Real Estate Rentals. You can claim rental costs to reduce your taxable rental income. Common expenses include: Advertisement Insurance Mortgage interest Legal and accounting costs Management costs Condo Fees Repairs and maintenance Property taxes Utilities […]
Even if the The Bank of Canada’s interest rate cuts making headlines, affordability challenges continue to pressure Gen Z and younger millennials from both sides: rising rents and record-high housing costs. “The return to the office has truly redefined what ‘affordable’ means,” said Rishard Rameez, CEO and co-founder of Zowna buyer-focused real estate platform designed […]
Rent report can help increase the credit scores “Your rent is your biggest monthly obligation for debt payments, so it is unfair that it is not counted to build your credit,” said Viler Lika, founder and CEO of rental service company Singeykey. Companies such as Singeykey, Zenbase, Lorrowell and Frontlobby offer such rental reporting services, […]
