CHECKLIST · RENTAL INCOME (CANADA)

Rental income checklist (Canada)

For owners of rental property in Canada. Your rent and expenses for the year, for the Statement of Real Estate Rentals (T776) on your tax return.

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How it works

Fill in your details.
Add each rental property, its rent and its expenses for the year. Totals add up as you type.
Save the page as a PDF and email it to info@blueocean.tax with your documents.

About you

Full legal name

SIN

Tax year

Email address

Phone

Rental properties

One entry for each property you rent out.

Property 1

Property address

City

Province or territory

Postal code

Number of units

Your ownership share (%)

Part you use yourself (%)If you live in part of the property

Co-owners' names and shares (if any)

Did you buy or sell this property this year?

Rent and expenses for the year (whole property)

Gross rents

Other income (parking, laundry, etc.)

Advertising

Insurance

Mortgage interest and bank charges

Office expenses

Legal, accounting and other professional fees

Management and administration fees

Repairs and maintenance

Salaries, wages and benefits

Property taxes

Travel

Utilities

Motor vehicle expenses

Condo fees

Other expenses

Total expenses$0.00

Less: personal part of expenses$0.00

Net rental income (whole property)$0.00

Your share

Not included above

Improvements this yearNew roof, appliances, renovations

What were they?

Your totals

Totals add up as you type.

Income, all properties$0.00

Expenses claimed, all properties$0.00

Net rental income, all properties$0.00

Your share, all properties

Documents to send us

Tick each document you have and include it with this checklist.

Property tax billMortgage statement showing the interest paidInsurance policyReceipts for repairs and improvementsLeases or a record of rent receivedPurchase or sale documents, if you bought or sold a property this year

Good to know

Only the interest on your mortgage can be claimed, not the principal.
Improvements that last, such as a new roof or appliances, are claimed over several years, so list them separately from repairs.
If you own the property with others, enter amounts for the whole property and your ownership share. We report your share.
If you live in part of the property, only the rental part of shared expenses can be claimed. Enter the part you use yourself.

Anything else?

Notes or questions (if any)

* Required

When you're done: save this page as a PDF and email it to info@blueocean.tax as an attachment. Thank you.

Email info@blueocean.tax

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Questions while you fill it in? Call us.

info@blueocean.tax

Free Consultation 416-828-7462