Tag: cra rental income

Welcome to Our Awesome Blog!

Understanding CRA Rental Income in 2024

Understanding CRA Rental Income in 2024

As a property owner in Canada, understanding how the Canada Revenue Agency (CRA) expects you to report rental income is essential. The CRA rental income guidelines for 2024 have specific requirements that every landlord, whether new or experienced, should be aware of. Failing to report your rental income correctly can result in penalties, audits, and…