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I have a rental property that my daughter rents from me. She has room mates, (2 siblings). Does she include the rent collected and expenses for the property or do I?
There are also 2 non-sibling room mates who also pay rent to her.
October 30, 2019
11:03 PM
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Investors and rental owners
To be rental income, you have to run rental operation with an expectation to earn profit, if you are charging money from a friend and family members to share the cost, this is not rental income and not required to be reported.
- Please review this link https://bit.ly/2ON8b4T from the CRA to explain.
October 30, 2019
11:03 PM