RLB Blog

Renting out a second property We have covered renting out a portion of your home, but what do we need to know when we own a second property to rent out full time?

Trying to earn a little extra on the side is common these days – everyone could use a little extra spending money.  But just because it is not your full-time job doesn’t mean you don’t have to consider the tax implications.  Today we will cover one method of earning additional money – renting out your home through organizations such as AirBnB.

The Quick Method is a simplified way to calculate HST for small businesses.  Instead of totaling Input Tax Credits (ITCs) on all expenses and subtracting them from HST collected on sales, the Quick Method allows HST payable to be calculated based on a percentage of sales.

Navigating COVID-19 relief programs over the past 12-months has been a challenge for many businesses. Your accountant or business advisor can help. One year later, what do the COVID-19 benefits mean for your business?

With all of the personal COVID-19 benefits and relief measures introduced in the last 12 months, do you know where you stand? Heading into tax season - now is a great time to find out.

You’ve done it. After years of hard work, saving and making smart investments, you can finally afford to purchase your first home. Now what?

Trying to earn a little extra on the side is pretty common these days – everyone could use a little extra spending money.  But just because it isn’t your full time job doesn’t mean you don’t have to consider the tax implications.  Today we’ll cover an increasingly popular method of earning additional money:  Airbnb

The Quick Method is a simplified way to calculate HST for small businesses.  Instead of totalling Input Tax Credits (ITCs) on all expenses and subtracting them from HST collected on sales, the Quick Method allows HST payable to be calculated based on a percentage of sales.