Hello, this is Alex from Canada.๐
Have you all been doing well with your tax filings?
I moved my company and started renting out my former residence.๐
As a result, I had rental income.
Since I didn't incorporate my company, the income, excluding expenses, was added to my personal income, resulting in additional taxes. ๐
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If any of you are considering renting out your primary residence for similar reasons, please take into account that you may have to pay additional taxes.
ะะตะณัะทะณั ะฑะตั I wish I had known before renting ๐ญ I got hit with a tax bomb in Canada ๐ญ
ะัะบััะปะตั: 32