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