abhaykg
New Member

Rental expense family

My dad manages our rental property during the year when needed. I pay him lump sum amount for the year. How do I show that as expense since I don’t give him a T4 and we are not incorporated? He shows the money we give him as “other” income on his taxes. 

Investors and rental owners

You can show it as a management and admin expense, and/or a maintenance expense.  

View solution in original post