There is no need for separation. The rules for reporting rental income in Quebec & on the Federal level are pretty much the same. If you rented out a property with the intent to make income, you can report it even if it makes no money.
If you are renting below market rates with no chance of making income (ex: renting to a family member or friend), then you don’t report that income, but you also can’t claim any expenses regarding it.
kimberlyfargo
New Member
hkhawaja01
New Member
alancanada23
New Member
jwkwtax
New Member
younesselfemploy
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.