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Updated over 3 years ago on . Most recent reply

Ryan Manziel's profile image
Ryan Manziel's profile image
Ryan Manziel
  • Member since Apr 7, 2019
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Ryan Manziel's profile image
Ryan Manziel's profile image
Ryan Manziel
  • Member since Apr 7, 2019
Connect
Ryan Manziel
2
Votes |
4
Posts
General Landlording & Rental Properties

First rental property

Ryan Manziel
Posted

I just purchased my first property in guelph ontario. I am living in the basement and renting the upstairs. I am getting 1700 plus 75% of utilities and my mortgage is 2060. Is there any advantage to claiming the rent on taxes? Someone was telling me if your mortgage is more then you receive in rent then you don't pay tax on it? 

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