Quote:
Originally Posted by Smartcar
I don't see why you would have to declare money paid to you by a roommate as income.
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Quote:
Originally Posted by Calgary14
I can see what you're saying but unfortunately that's not how the tax laws work.
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Frankly I think it's kind of BS but yeah I already looked it up on CRA and rental income is rental income.
Calgary14, maybe you can anser this; is it possible to write off 50% of common (shared) areas as well?