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Apr 19, 2024 4:59 pm
Hi There,
Me and my spouse bought a rental property together and the mortgage is under both names, can I file rental income under my name only as my spouse is currently working overseas, we both are Canadian citizens, thanks
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Apr 24, 2024 4:43 pm
Hi Juanita,
If you and your spouse are both on the title to the property and both of you contributed equal amounts to purchase the property, then both spouses must report 1/2 of the income and expenses of the property.