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Updated almost 6 years ago,

User Stats

5
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0
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Darryl Good
  • Real Estate Investor
  • Guelph, Ontario
0
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5
Posts

Tax Question 4 holding property in a corporation Ontario/Canada

Darryl Good
  • Real Estate Investor
  • Guelph, Ontario
Posted

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

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