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Rental income and fixed deposit

Posted 13 February 2017

Josh says:
12 February 2017 at 19:12

I have some rental income that I would like to invest monthly in my fixed deposit. Do I pay tax on the rental income and the interest yearly? I am a provincial tax payer which means I have to predict my income?

TaxTim TaxTim says:
13 February 2017 at 7:56

Yes you are required to pay tax on both the rental income and the interest you earn on the investment.

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