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I have rental property in my corporation, how would CRA tax the income from the rental property?

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The rental income will be charged and passive income and will be taxed at 50.17%. This is why it is not advised the invest in real estate through your corporation. But you will be able to reduce your taxes by giving yourself dividends. For every $3 you pay in dividends you will get $1 back in taxes paid. Please set up an appointment with us and we can help you in reducing your tax bill.

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