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: