Trust Accounting for BC Property Managers Under BCFSA
The BC trust account rules for rental property managers: deposits in, fees out, interest, negative balances, monthly reconciliations and the annual accountant's report.
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The BC trust account rules for rental property managers: deposits in, fees out, interest, negative balances, monthly reconciliations and the annual accountant's report.
Pulling equity out of a rental is tax-free cash — but whether the interest on that new money stays deductible depends entirely on what you do with it. This guide explains the CRA's "use of funds" rule that makes or breaks your interest deduction, the tracing discipline that keeps it clean, what refinancing does (and do