TAX QUESTIONS? YOU ASK LAH!

Your weekly dose of tax knowledge - become tax savvy in just 2 minutes!


Q: I have two apartment units for rent. One unit is making profit while the other unit is making a loss, can the loss be offset against the profit?

A: Yes, the rental loss from one apartment unit can be offset against the rental profit from the other unit in the same year of assessment because they are from the same income source. 


Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

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