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Investors & landlords
I think you misunderstood it. I bought the rental property prior to getting married, from my understanding I need to claim any rental income on this property in my own return and cannot income split with my wife. My wife doesn’t work and I want to get her to take on the management of this property and wonder if by incorporating and paying a firm (her firm) and she manages the property I can write off the expense reducing my tax owing and then her self employed firm would get taxed at a rate potentially lower than my current tax rate.
August 2, 2020
8:59 PM