Paying Rent + Property tax in ontario

Forum|Forum|5 years ago
March 18, 2021
1 reply
7 views

I am preparing a tax return for a client who lives in a 'life style' community where they pay property taxes as well as rent (land lease) to the management company. How is this claimed on the ON-BEN.? I believe that they can claim one or the other but not both and can claim whichever give the higher credit, is that correct? I tried the phone number for the provincial credits 1-877-627-6645 but there is a 2 hour wait and I the online info is unclear. Please help.

ProFile (Canada)

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Best answer by JamesCampbell

the property tax will give them the higher credit more than likely. i would do it both ways using one or the other and see which is better? i think you will find the property tax will be better. hope this helps.

J

JamesCampbellAnswer

Level 6

the property tax will give them the higher credit more than likely. i would do it both ways using one or the other and see which is better? i think you will find the property tax will be better. hope this helps.

H

hewiAuthor

Level 3

Thank You!

S

Stevie1

Level 4

Can someone claim a rent paid in BC or Alberta.

I am sorry I can't figure out where to go and ask question so I am just asking it here

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