Can you please clarify what is meant by NET rent? Does that mean :
Net Rent = Rental income - expenses - mortgage payment
or does mortgage payment not come into that equation?
Thanks,
Faraz
Search found 2 matches
- Wed Feb 04, 2015 2:19 am
- Forum: Canada / United States Tax & Accounting
- Topic: purchasing rental property in canada
- Replies: 3
- Views: 2163
- Tue Feb 03, 2015 11:02 pm
- Forum: Canada / United States Tax & Accounting
- Topic: purchasing rental property in canada
- Replies: 3
- Views: 2163
purchasing rental property in canada
Hi,
I'm trying to determine if it is worthwhile tax wise to purchase a rental property in Canada. I am a Canadian citizen currently residing in the US on a TN for the last 2.5 years. I don't currently have any tax obligations in Canada. I understand that my rental income will be taxed in Canada at ...
I'm trying to determine if it is worthwhile tax wise to purchase a rental property in Canada. I am a Canadian citizen currently residing in the US on a TN for the last 2.5 years. I don't currently have any tax obligations in Canada. I understand that my rental income will be taxed in Canada at ...