[miniarpita]

This question is for a rental property jointly operated by husband and wife:, my wife does not work.
In join ownership, can the proportion of income between the two partners be different that the proportion of expenses due to mortgage interest, or can any of these proportions be different than the proportion of expenses due to interest paid for monies borrowed to secure the rental property (like interest on an ongoing credit line used originally to get the down payment)?
We live in ontario canada.

Thanks,

[AtlantaTaxExpert]

If it is a partnership, the PARTNERS decide how the rent and expenses are divided; there is no set formula.