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Each of our tax filing services, offers an added benefit of 30 minutes FREE consultation.

Form T776, Statement of Real Estate Rentals, is where you can declare income and expenses related to rental income. It usually represents income from property, where you rent space and provide basic services only (heat, light, parking, and laundry facilities).

Our prices listed here are starting rates and may change once we get started.

Rental

If you own rental properties in Canada, it is important to understand the tax implications that come with them. Fortunately, our Tax Professionals are here to help you navigate this process. Whether you own one rental property or multiple, we can assist you in organizing all of the necessary information and maximizing your end result.

One of the key benefits of working with our team is that we can help you consolidate all of your rental properties into one complete tax return. This can save you time and hassle, while also ensuring that you are meeting all of your tax obligations.

When it comes to rental properties, there are a number of deductions that you may be eligible for. These can include expenses related to repairs and maintenance, property management fees, and even mortgage interest. Our Tax Professionals can help you identify these deductions and ensure that you are taking advantage of all available tax breaks.

In short, if you own rental properties in Canada, it is essential to work with a knowledgeable tax professional who can help you navigate the complexities of the tax system. Our team is here to help, so don’t hesitate to reach out to us for assistance!

Our services to rental property owners cover many aspects of the business, including but not limited to:

  • Buying and selling your rental property.

  • Living and renting at the same house.

  • What is a Current Expense Vs. a Capital Expenditure.

  • What is CCA, should CCA be claimed, what CCA rules for Rental Property.

  • Should you incorporate your Rental Property Business.

  • Under what conditions can an AIRBNB income considered Active Business Income.

Rental Spreadsheet This is all you need to get to us for your Rental Income Statement. This will make tax filing a whole lot easier! DOWNLOAD

Accountants typically advise based on taxes, brokers on interest. Often people pay too much in tax to save on interest or too much interest to save on tax. ImpoTax Pro and KB Mortgages offer blended guidance and advice where your accountant and financing expert coordinate to provide long term guidance and advice to balance your taxes and interest costs for a more cost effective result.

Another added value is that we keep a secure folder with our client’s tax documents to reduce the work load when ever they need financing.

Badir Lamidi - CEO & Owner at Canada ImpoTax Pro
Contact Keaton Kirkwood

Learn how one of the best accountants in Canada breaks down the decision making process as an investor.