Canada Tax Questions Answered by Experts
Hello, thank you for the question.
Yes, rental income is still taxable income. Of course, that allows certain allowable deductions as well to offset it, including mortgage interest depending on the circumstances.
More importantly, if the home is still jointly in your names then there's a strong argument that you're entitled to half of this rent. You say he's your ex husband. Have you been separated or divorced for long? Are you still on title to the home, and the mortgage? Have the property division issues been sorted out?
Also, what province are you in?
The rental income is most assuredly counted as income for support purposes.It doesn't matter whether it covers the mortgage or not. Debts have no relevance when it comes to the consideration of income for child support purposes.Let me know if you need any further clarification.