Question: Chi owns a rental property. He provides all the basic services normally associated with rented rooms, such as basic utilities like water, heat and light.

Chi owns a rental property. He provides all the basic services normally associated with rented rooms, such as basic utilities like water, heat and light. In addition, he provides his tenants with a parking spot and hot meals, for which he charged monthly fees. Chi also include laundry pick up and delivery services as part of the rental package. How would canada Revenue Agency classify chi s income from her rental operation
a) rental income
b) income from employment
c) business income
d) professionial income
Chi owns a rental property. He provides all the

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!