TAX QUESTIONS? YOU ASK LAH!

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Q: Is property agent’s commission eligible to be claimed as a direct expense for rental income?

A: If the agent’s commission is incurred for a first-time o, it is not eligible to be claimed as a direct expense. If the commission is incurred for renewal of tenancy, then only it is eligible to be claimed as a direct expense. 


Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

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