Bell Canada is renting our property for $10.000 yearly to put up a tower.

by Cathy Robinson
(Ontario Canada)

If we have direst deposit for this money do we pay taxes on it? Is it better to have the money sent directly to our broker to invest and will we receive a T4 for this rental of our property

Comments for Bell Canada is renting our property for $10.000 yearly to put up a tower.

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Aug 11, 2023
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Canadian Cell Tower Revenue
by: AnJim B.onymous

Your cell tower lease payments would be added to your income and taxed as such.

Mar 17, 2023
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Remove the Tower
by: Wondering

I wonder what percentage of landowners deny the renewal?
Are there many instances where a Tower provider is forced to tear down an existing installation and relocate ?
That would be a massive expense.

Dec 20, 2013
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Lease Rates Ontario
by: Steve

Seems a bit low for a new installation. Last year of 20 year lease at $4,000 annual, expect renewal to be 14 to 16,000. Located near Orillia Ont.

Dec 02, 2013
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You need to talk to an accountant...
by: Sean (Tower Genius)

Talk to your accountant for the best tax strategy as we do not provide tax advice.

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