Can i claim rent on my taxes ontario

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anonymous

What is the form for claiming rental expenses in canada

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Anonymous

"He would like to know if he can claim his rent paid..."

Our nephew has been living with us and is paying "rent." Included in his "rent" is food, use of washer and dryer, internet, meals prepared, food purchased, etc, etc, etc. He would like to know if he can claim his rent paid. Frankly I don`t know how much "rent" would actually once all the other expenses are subtracted. Any thoughts?

Someone said: If he were to claim the total rent paid you would have to claim the rent received as income but would be able to deduct the expenses, depending on the actual numbers there is actually no reason for him or you to claim because he would receive a credit/deduction and you would have to pay the tax on the income. So, most likely you will have to pay more then he will receive. If you would like to know the actual amounts you would have to work out the numbers.

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Anonymous

"I live in ontario and work as a building superintendent..."

I live in Ontario and work as a building superintendent. I receive free rent and money as my income. My question is...can I still claim rent on my taxes.

Someone said: rent is never free you have to pay income tax on it as you would any income. so im told.

Someone said: The landlord should have included your free rent on your T4 - see http://www.cra-arc.gc.ca/tx/bsnss/tpcs/pyrll/bnfts/brd/hsng/menu-eng.html

Someone said: You would then claim that taxable benefit as rent on form ON-BEN

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Anonymous

"The person with the lower income and more dependents is better off claimimg it...."

If you and your bf had been living together for more than 12 months as at December 31, you are considered "common law" (i.e. same as married) and it does not matter who calims it as family income is used in the calculation. Otherwise, the person with the lower income and more dependents is better off claimimg it.

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Anonymous

"As home use as office in professional expenses (for t2125..."

If I claimed a portion of my rent as home use as office in professional expenses (for T2125 ) can i still claim my whole rent, or only the home portion for Ontario credits?

Someone said: No, you need to deduct from whole rent the portion you use for office at home expenses.

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"Who is better off claiming rent..."

my bf and i live in a rental in Ont. We pay $995mth total. I deposit $500 into his acct every month and he writes the total cheque. I only make 24K a year and he make 40K a year. who is better off claiming rent? or do we both claim half? I also have 2 young dependants.

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