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I pay my daughter to work at airbnb rental, is she my partner? Thank you

 
1 Reply
TurboTaxHeba
Intuit Alumni

I pay my daughter to work at airbnb rental, is she my partner? Thank you

No. She becomes your partner when she owns shares in the business: shares the revenue and pays taxes.

If she works under you > she becomes an employee.

 

It is tricky when you employ a family member in the business > to be able to claim it as an expense > you have to pay her the same salary you would have paid a regular employee to do the job. And you have to issue her a T4 slip if her income was above $500.

 

I hope this was helpful