Quote:
Originally Posted by UFO
On that note, how about enforcing unreported rental suites/rooms. With how rents are here nowadays, how many are collecting rental income tax free? I wouldn't doubt there are those in uproar about shadow flipping but collecting rent under the table on their basement suite(s) and laneway home.
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Agreed! 
Long story short - I have a basement suite which was rented out from September 2015 to January 2016. After doing it 100% legal (report my extra income, pay extra property taxes, paid for a fucking business license) my net income from having a basement suite was pretty lame. And even now, while it's sitting empty, I'm still paying for the extra property taxes and business license.
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