Is It A Good Idea To Report Tax Separately Between Husband And Wife If Husband Has 2 Rental Property And A Full Time Job?
rental property + full time job
Hi Jacky,
Canadian tax returns are filed separately and there is not an option to file jointly. If you are the owner of the 2 properties, you must report the rental income and expenses on your return. If your wife is performing part-time services (e.g. property management, repairs and maintenance), consider paying her a salary as this will reduce your income and she will pay less tax if she’s in a lower tax bracket than you.
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