One question I often get is “should I incorporate”. Well if it’s about incorporating a rental property business, the answer is almost always no.
Although the small business corporation tax rate for active busines income is 13.5%, for rental property it’s 50%. That’s usually higher than your personal tax rate.
And as a Sole Proprietor, you can deduct rental losses against other income, including employment income.
If you want an accountant who does more than count your winnings and file your taxes, that’s me.