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    2bearshaven
    New Member

    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?

     
    posted
    ‎October 31, 2019 2:01 AM
    last updated ‎October 31, 2019 2:01 AM
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    1 Reply
    TonyC11
    Level 6

    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?

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

    ‎October 31, 2019 2:01 AM
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