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New Member
posted Oct 31, 2019 2:01:25 AM

What is rental income taxed at? When I add rental income amount the tax amount jumps to 30% on the additional income. Is this a mistake?

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1 Replies
Level 6
Oct 31, 2019 2:01:26 AM

It is taxed at your marginal rate for employment income. 30% would be a reasonable rate, federal and provincial combined.