If you qualify for home office deductions, the write-offs will help pay for what would otherwise be considered personal expenses, such as part of the cost of utilities, mortgage interest, property taxes, and homeowner's insurance premiums. More options for retirement saving Working in your ...
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I live in Canada, so for me, any income I earn from rental properties is taxed as regular income, just like I would earn from a 9-5 job. So the additional income earned from rentals is subject to your marginal tax rate. I don’t want to get too technical here, but that basically...