Updated: July 29, 2026 Most Ontario landlords who self-manage their accounting run into the same problems: they underreport deductible expenses, mix personal and rental finances, miss CRA deadlines, and end up scrambling every April with a shoebox of receipts and no clear picture of whether their property is actually profitable. Rental property accounting doesn’t have […]
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Updated: June 23rd 2026 When you are a landlord in Canada, you need to be sure that the unit that you rent out is aligned with the regulations and rules regarding maintenance, safety, and health. You may ask, “As a landlord, what are my rights?” The Residential Tenancies Act outlines the obligations that come with […]
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For Canadian residents, the process for reporting income on the sale of a property is quite simple. You report the capital gain or business income on your T1 personal tax return.For non-residents, it’s a little more complex – the reason being that the Canadian government doesn’t want to chase after a non-resident to pay taxes. […]
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Many non-residents who own property in Canada find it challenging to understand how the Income Tax Act applies to their situation. There are three basic things you need to know about – requirements, withholding taxes and reporting income. Requirements You need to have either a Social Insurance Number (SIN) or an Individual Tax Number (ITN). Canadian […]
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