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