If your rental loss is more than your income from other sources, your loss is considered a Non-Capital Loss and can be carried back or forward to reduce your tax bill in previous years.
maplus(马+)
if you bought a rental property but you are not turning a profit and your expenses exceed your income, you may be able to claim a rental loss. Find out more.
If your rental loss is more than your income from other sources, your loss is considered a Non-Capital Loss and can be carried back or forward to reduce your tax bill in previous years.
-maplus(马+);
2-5{720}(#15937264@0)
if you bought a rental property but you are not turning a profit and your expenses exceed your income, you may be able to claim a rental loss. Find out more.