Good morning,
I have a question I would like to put out there.
I am currently spending the majority of my time these days doing and over seeing renovations on the new properties (single detached homes) we are adding to our portfolio.
My question is, can I pay myself for doing my own renovations and if so how do I determine what is reasonable without raising eyebrows with CCRA.
I have an answer from my accountant but I thought I heard something at a REIN meeting about this.
Thank you all
Mark Beech
REIN Member
I have a question I would like to put out there.
I am currently spending the majority of my time these days doing and over seeing renovations on the new properties (single detached homes) we are adding to our portfolio.
My question is, can I pay myself for doing my own renovations and if so how do I determine what is reasonable without raising eyebrows with CCRA.
I have an answer from my accountant but I thought I heard something at a REIN meeting about this.
Thank you all
Mark Beech
REIN Member