Personal Finance

Locked: How much I can negotiate down on rent if I don't report to the CRA?

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  • May 21st, 2015 7:58 am
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[OP]
Newbie
Jan 3, 2015
28 posts
Mississauga, ON

How much I can negotiate down on rent if I don't report to the CRA?

it's a condo unit in Mississauga..
rent is about 1400-1500(listing) per month, how much I can negotiate down if I don't put it on the tax form?
thanks..
7 replies
Deal Addict
Dec 19, 2008
1414 posts
805 upvotes
gl
Deal Expert
Feb 24, 2007
15094 posts
2697 upvotes
Why don't you ask the landlord if he claiming the rental income? If he is..then you are sol. :)
Deal Fanatic
User avatar
Nov 17, 2007
6367 posts
245 upvotes
You do realize that it's illegal for landlords to not report income, right? It would be against RFD rules fr anyone to try to counsel you on how to break the law. Just saying.
Deal Addict
Jan 24, 2015
1021 posts
310 upvotes
Canadian in USA
Jeter2015 wrote: it's a condo unit in Mississauga..
rent is about 1400-1500(listing) per month, how much I can negotiate down if I don't put it on the tax form?
thanks..
If I was your landlord and you asked me this I would jack up rent another two hundred bucks, to compensate me for having a dodgy tenant. Who knows what you will try.
Deal Fanatic
User avatar
Jan 31, 2006
8029 posts
2356 upvotes
Toronto
Maybe Op means he will not report his/her rent expense in T1 and not the other way around.
Member
Mar 19, 2015
293 posts
58 upvotes
Who knows what OP means. His question is so vague. But there's always someone out there trying to beat the system.
Moderator
Sep 27, 2003
10902 posts
3188 upvotes
Newmarket
deltone wrote: You do realize that it's illegal for landlords to not report income, right? It would be against RFD rules fr anyone to try to counsel you on how to break the law. Just saying.
This
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