Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Oct 31, 2019 1:45:06 AM

We did not sell our house in ON when moved but renting rooms out. does this qualify for business?

0 1 699
1 Replies
Level 15
Oct 31, 2019 1:45:08 AM

If you are renting out rooms and provide additional services to your tenants, such as cleaning, security, and meals, you may be carrying on a business. Report this income on a T2125 - Statement of Business Activities.

If you rent the rooms and provide basic services only, such as heat, light, parking, and laundry facilities, you are considered to have Rental Income and would report this on the T776 - Statement of Rental Income.

Here's some more information from CRA: https://bit.ly/2VsM43d