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Found 2 results

  1. During the sale of a rental property some expenses such as sales commissions, legal fees, and bank fees are generally incurred. While I have seen some documentation suggesting that these can be applied against the selling price to reduce the capital gains, I am curious whether the option to instead apply them against the annual income from the property also exists? These were, after all, expenses incurred as a result of running the rental property business. I am only looking for information on whether there is a strict requirement to apply these costs against either the sales price or again
  2. My wife gets some commission income and is issued a T4a. WHen i enter the amount under a T4a then again in the self employed income area her commisison income appears as double in line 139 I tried not completing one of the two sections...ie either the T4a part or the self-employed commision part but then it told me I had an error... any thoughts on what i am doing wrong
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