How is everyone doing this week? It’s been a tough last ten days or so. It started with 18″ of snow and weather below 20 degrees. In recent days it has warmed up to a balmy 25 degrees. It’s sad, but I feel a big difference. Unfortunately, it will return to the low teens this […]
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 […]