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Updated almost 6 years ago,
Tax Question 4 holding property in a corporation Ontario/Canada
Hello All,
A question for my fellow canadians. In Ontario income from property that is owned in a corporation is classed as passive income which is taxed at almost 50%!!!!!!!!!!!
While small businesses are classed as active income and taxed at as low as 13.5%
Very frustrating as running my properties is far from passive.
What is the best tax play here as paying 50% makes me want to cry :)
Thanks so much everyone