CRA indicates that rent for fully-furnished apartments is all rent
CRA indicated that all of the rent generated from a rental unit that was fully-furnished with “furnishings typically … found in a residence” would qualify as “rent from real or immovable properties” for these purposes, assuming that there was a single charge that did not allocate anything to the furnishings. Although not relevant in this case because it was a subsidiary LP that rented the units, this general approach also would be helpful to the interpretation of s. 132(6), which permits a real estate rental undertaking, but not an undertaking of renting tangible personal property.
Neal Armstrong. Summary of 29 July 2019 External T.I. 2018-0784701E5 under s. 122.1(1) - “rent from real or immovable properties.”