Thank you. Regarding the 23% of expenses I need to charge, do I just calculate that on my own?
Like say there were $100 for utilities. I just go ahead and enter $23?
Or do I put the whole amount of $100 and then somewhere put that I’m only claiming 23%?
Also, I got a warning about “You have claimed CCA or other carrying charges and deductions on your rental properties which may have alternative minimum tax implications on T691.” I don’t understand what this means.
first of all, I don’t have any capital costs with regards to the rental. And I don’t know what “carrying charges” are.
