Can a husband who pays rent to his wife and daughter, claim that rent for the Ontario energy and property tax credit OEPTC ? I live with my daughter and wife to help them to pay the mortgage I pay the monthly payment of $500 only to my daughter every month, can she be the only reporting this payment as rental income? or must be this payment split 50% to both of them, and my wife and daughter declaring both rental income because they are co-owners? I would like my daughter to be the only one reporting on her tax return this rental income.
I pay the monthly payment of $500 only to my daughter every month, can she be the only reporting this payment as rental income? or must be this payment split 50% to both of them, and my wife and daughter declaring both rental income because they are co-owners? I would like been my daughter the only one reporting on her tax return this rental income.
Regarding the annual interests paid on the mortgage, My daughter is the one paying the mortgage every month, even though the loan is on both names (my wife and daughter), who can claim the amount of the interests paid on her tax return, only my daughter o must be shared by both, even though my wife is not paying anything on the mortgage