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Tax Tips & Strategies for Rental Properties
When it comes to owning a rental property, it is crucial that you hire a professional to ensure you don’t miss out on important tax benefits, deductions, and exemptions.
Reporting Requirements for Subcontractor Payments Over $500
Businesses that are primarily construction-related (50% or more) and pay subcontractors for construction services must report payments that are $500 or more (including GST/HST) to the CRA using the Contract Payment Reporting System.