Mr. Jeremy has an employment income of $100,000 his provincial tax is 15% and Federal...
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Finance
Mr. Jeremy has an employment income of $100,000 his provincial tax is 15% and Federal of 26%. He invested $200,000 in a condo as his rental property. He is sharing the condo with some of his colleagues and thinking to rent it out to a tenant. Mr. Jeremy's portion of the rent is about $7,000 per year and his expenses would be $5,000. How much do you think is his After Tax-Return?
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