Principal Issues: Whether the inclusion of furnishings in a rental unit, for which a single rental payment is charged, requires that the rental payment be allocated as between real property and furnishings for purposes of the definition of "rent from real or immovable properties" in subsection 122.1(1).
Position: No. Provided that the furnishings are of a type typically or usually found in a residence, there is no need to allocate a portion of the rental payments to the furnishings; the entire amount of rent can be treated as "rent from real or immovable properties".
Reasons: Other CRA positions regarding the rental of furnished premises.