In part 1, Sumeet Sangha shares some basic tips on the most common tax write-offs related to a rental property business. Here, in part 2, some tips and advice are offered around business use of home and the rules around what can be claimed as expenses on your tax return. Q: What is the rule […] MORE
One of the most common questions self-managing landlords will have around tax time is “what expenses can I write off?” To help Canadian landlords navigate around taxation, we interviewed Sumeet Sangha of Sangha Tone Chartered Accountants who specializes in real estate rental property to answer some commonly asked questions about taxes. Q: As a self-managed […] MORE
Let’s face it: many self-managed landlords have other full-time jobs and run a rental property business as another income stream. Sumeet Sangha of Sangha Tone Chartered Accountants shares some insights on what tax advantages you can benefit from, depending on your situation. Q: If I am a full-time employee with rental property income, what are […] MORE