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Chi owns a rental property. He provides all the basic services normally associated with rented rooms, such as basic utilities like water, heat and light.
Chi owns a rental property. He provides all the basic services normally associated with rented rooms, such as basic utilities like water, heat and light. In addition, he provides his tenants with a parking spot and hot meals, for which he charges a monthly fee. Chi also includes a laundry pick-up and delivery service as part of the rental package. How would Canada Revenue Agency classify Chi's income from his rental operation? a) rental income b) income from employment c) business income d) professional income
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