A provincial sales tax can be applied on the rent of non-residential rental units (i.e., commercial or retail units), parking, storage, bicycle rack, and so on.

In Mi Property Portal, you can manage the following:

– Full residential property

– Fully commercial property, or

– Mixed portfolio such as residential buildings with few commercial units.

By default, a property is assumed to be residential. To enable ‘Rental Tax’ calculation, follow the steps below:

• Go to Property Management > Properties
• On the top right, Click the ‘Rental Tax’ button> Select the Properties from each drop-down

NOTE: The properties that are already enabled for Rental Tax calculation will NOT appear in the Drop-down list

• After selecting the properties, make sure to check the box beside the property name
• Optionally, check the ‘Enable For All Unit’ box.

CAUTION: This will enable rental tax calculation for all the units.

• Click ‘Submit’
• You can double-check if this option is enabled by going to the Property details page.
• In the General information section, you will notice a message saying, ‘Rental tax is enabled.’

             NOTE: Rental tax is enabled for the property. However, the unit level switch must be ON as well 

Follow the steps below to enable Rental Tax for units:

• Click ‘More Actions’> Manage Units from the property details page.
• Find the unit you want to enable Rental Tax, and click ‘View Details.’
• When Rental Tax calculation is enabled, a NOTE will show below the photo of the unit: NO TAX WILL BE CHARGED FOR RENTAL INVOICES.
• To enable the option, click the ‘Edit’ button.
• Check the ‘Rental Invoice Tax’ box.
• Once done, ‘Submit.’
• On the unit details page, you can now see the text ‘RENTAL INVOICE TAX IS ENABLE.’

             NOTE: RENTAL TAX calculation will only take effect when the option is enabled for property and unit levels.

To Disable Rental Tax,

Go to Properties > Choose the property > Edit > Uncheck the box for Charge Tax On Rental Invoices > Click Save Info