Small Business Account to collect rent - need to file taxes as business with CRA?
Hey guys. Don't want the hassle of dealing with tenant cheques and eTransfers, etc. Was thinking of setting up a business account so that I can get pre-auth debits from tenant:
http://www.rbcroyalbank.com/business/ac ... count.html
Not sure if the RBC one above allows it, but I heard CIBC does. Anyway, if I do open such an account, would I need to start filing business taxes with the CRA? Thx.
http://www.rbcroyalbank.com/business/ac ... count.html
Not sure if the RBC one above allows it, but I heard CIBC does. Anyway, if I do open such an account, would I need to start filing business taxes with the CRA? Thx.