My question is: Canadian-specific
QUESTION: My wife and I own several rental properties. Over the last
three years renovating them has exceeded expenses so the loss was written
off on my income. (my wife had no outside income however has now started
working part time this year) Now too, this past year and from here on, the
houses are profitable. In Canadian tax law can I now have the income from
the houses shown as my wife's income or at least split with my wife as she
is an equal owner.
