Tax Court Rules Rental Losses Not a Source of Income in Hustak v. The Queen, 2018 TCC 199
Key Takeaway The Tax Court finds no source of income in a case involving a taxpayer claiming “rental losses” over a few years. Although the properties were clearly investment properties, the taxpayer did not act in a business-like manner to show that rental is a source of income. Tax practitioners must be wary of rental […]