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May 8, 2020 9:33 PM UTC
Question

Hi there, I'm going to be renting a room in my office to another person, who runs a completely separate business. How do I record the rent and GST she pays me? Thanks

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1 reply

LeithG
Jun 18, 2020 5:26 PM UTC

https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4036/rental-income-2016.html#P195_12960

Odds are you'll want to record this as a below-the-line (non-main source) income, with the GST recorded as you would GST collected for any other service/product.