Rental Property Income & Expenses -

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Purpose

Use this form to report your income from renting real estate or other property, including short-term rentals and farmland.

Important: If you provide extra services—like cleaning, security, and meals—your rental may be considered a business. In that case, use our Business /Self Employment Form instead.

Personal Information

Tax Year *

Title

Mr.
Mrs.
Miss
Dr
Ms.
Other

Please specify title *

First Name *

Last Name *

Email *

Have you previously filed rental property taxes with us?

Statement of Real Estate Rentals

Property Rentals – Identification

Business Name (optional)

Optional: Enter your registered business name or trade name. Leave blank if not a business

Business Number

Optional : If a business, enter your CRA 9-digit Business Number; otherwise leave blank

Type of ownership *

Sole ownership
Co-ownership
Partnership

Business Address *

City *

Postal Code *

Province *

Tax Year Start Date

Month/Day/Year

Tax Year End Date

Month/Day/Year

Rental Status *

Details of other co-owners and partners

Co-owner first name *

Co-owner/partner’s first name

Last name *

Co-owner/partner’s last name

Relationship *

Ownership Percent *

Co-Owner's address *

City *

Province

Postal Code *

Rental Properties & Eligibility (Current Tax Year)

Have any of the following changed since last year? *

Yes
No change

If nothing changed, select “No changes” and you’re done

Rental Property Changes – Select All That Apply

Business address changed
Property ownership or partnership percentage changed
Rental model change (e.g., long-term to short-term or vice versa)
Change in personal vs rental use percentage
Rental activity ceased

Select one or more only if you answered Yes above.

Update Changes for This Tax Year

Update Business Address

Address Line 1

City

State / Province / Region

Postal Code

Country

Owner /Partnership Percentage Update

Enter changes only for ownership or partners that have changed since your last return. Click + sign for more rows to add partners

Owner/ Partner Name *

Change Type *

Property Address

New Ownership % *

Address (Optional)

Address Line 1

City

State / Province / Region

Optional: Enter only if this is a new partner or the address has changed.

Enter Date Rental Activity Ceased *

Rental Property Information Update

Enter each property’s income for this tax year. Include other income (e.g., premiums), personal use % if it changed, and check Rental Model Change or Rental Activity Ceased as applicable

Property Address *

Enter the address of the rental property.

Update Type

Select the update type. Choose “No change / Income Only” if nothing changed this year.

Gross Rental Income

Enter total rent received for this property this tax year

Current Rental Model

Other Income

Enter any rental income that doesn’t fit Long-term, Short-term, or Airbnb, such as premiums, leases

Personal Use % (optional)

Enter personal use % only if it changed from last year.

Property Rental Income

Enter each rental property address and gross rental income. Click ‘Add’ to add more.

Street address *

Enter street number and address

City *

Prov/Postal Code *

Enter Province & Postal Code

Rental Type *

Personal Use Percentage *

Enter the % used for personal (non-rental) purposes. E.g. if 70% is personal use and 30% is rented, enter 70%.

Gross Rent ($) *

Long term & short-term rental incomes

Rental Status *

Other income ($)

(for example, premiums and leases, sharecropping)

Rental Activities

How were your rental properties managed this year?

Self-managed (by me, or with other owner(s))
Managed by a property manager or management company
Mix of self-managed and property manager

Property Rentals Expenses

Enter only expenses related to this rental property. Year-end totals only.
Click Add button to add rows. Select Expense Category from drop-down list.

Expense Category *

Choose the expense category. Use “Other expenses” if not listed and describe it in Notes.

Total Amount *

Enter the total expense amount for the year.

Short-Term Expenses

Enter the portion of these expenses related to short-term rentals, if applicable.

Notes (optional)

Provide optional clarification or description, especially if “Other expenses” is selected

Vehicle Use for Rental Property

Did you use a motor vehicle for rental purposes during the tax year?

Mileage Required!

⚠ Claiiming vehicle expenses requires a mileage log. If you don’t have a log, provide a reasonable estimate of business kilometers, or start keeping a log for next year.

Skip this if you did not use a vehicle for rental property management.

Rental Property Vehicle Use & Mileage

Click + to add a row per vehicle. Enter total and business km for the year.

Vehicle Details *

Enter the make, model, and year of each vehicle

Total km for the year

Enter the total kilometers driven for all purposes during the year for each vehicle.

Total rental use km – Year

Enter the kilometers driven to earn rental income last year. Use a separate row for an additional vehicle.

Vehicle Expenses – Rental Property

Enter year-end totals. Click Add button to add rows. Select Expense Category from drop-down list.

Expense Category *

Choose the expense category. Use “Other expenses” if not listed and describe it in Notes.

Amount *

Enter the total expense amount for the year (including personal use)

Note(Optional)

Notes (Optional): Briefly describe the “Other” expense, if selected.

Rental Property Vehicles – Purchases & Disposals

Prior‑Year Motor Vehicles Used for Rental Management

Include vehicles used for this rental property management that were owned in prior years. New clients: include prior-year vehicles still in use.

Vehicle Details *

Make, Model and Year

Date/Year Purchased *

Enter the date and year the vehicle was purchased

Purchase Price *

Enter purchase price before sales taxes (GST/HST)

Do you have any vehicles purchased in prior years that were used for rental property managementusiness during the tax year? *

Yes
No
Not Sure

If applicable, selecting “Yes” helps us maximize your vehicle expenses deductions and optimize your tax outcome.

Upload Vehicle Worksheet

For vehicles owned in prior years, please provide last year’s CCA details from your T1 Vehicle Worksheet.

Upload prior-year vehicle worksheet from your T1 (if vehicle expenses or CCA were claimed).

Upload LastYear_Rental_Vehicle _CCASummary

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Document Upload Confirmation

I confirm uploading all required documents

Vehicles Purchased During The Tax Year

Did you purchase any motor vehicles for rental purposes this tax year? *

Property Rental – Vehicles Purchased During The Year

Enter details of the vehicle (s) purchased during the year

Vehicle Details *

Make, Model and Year

Date Purchased *

Enter the date the vehicle was purchased

Purchase Price *

Enter purchase price before sales taxes (GST/HST)

Did you sell or dispose of any motor vehicles used for rental purposes this tax year? *

Property Rental – Vehicles Sold During The Year

Enter details of the vehicle (s) disposed or sold during the year

Vehicle Details *

Make, Model and Year

Disposal Date

Enter the date the vehicle was sold

Proceeds of Sale *

Enter sales price, trade-in value or scrap value

Original Purchase Price

Enter the original price at the time of purchase (excluding GST/HST)

Other Capital Assets Purchased (Current & Prior Years)

For new clients: Include prior-year capital assets still in use, as well as assets purchased this year.

Prior‑Year Capital Assets Used for Rental (excluding vehicles)

Enter details of capital assets purchased in prior years and used for rentals. This includes rental properties, renovation costs, appliances, and furniture used for rental purposes. Click Add to include additional capital assets, if applicable.

Asset Name/Description *

e.g., Basement refrigerator, Rental condo, Lawn mower

Date/Year Purchased *

Enter day / month /year purchased

Purchase Price *

Enter the cost of the asset at the time of acquisition excluding GST/HST

Rental Use Percent (%) *

Enter the % of your property rented out. Example: If 30% is rented, enter 30%.

Do you have any capital assets (computers, equipment, furniture) purchased in prior years that were used for rental purposes this tax year? (e.g., computers, furniture, machinery) *

If applicable, select “Yes” and including prior year assets still in use.

Upload Prior Year Upload Prior-Year T776 CCA Summary – Summary of CCA for Rental Activities

For capital assets owned in prior years, please provide last year’s T1 – T776CCA Summary (Summary of CCA for Rental Activities) from the T2125 of your T1 tax return.

Upload prior-year T776 CCA Summary from your T1 (if vehicle expenses or CCA were claimed).

Upload UploadLast Year’s Rental CCA Summary (T776)

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Document Upload Confirmation

I confirm uploading all required documents

Did you purchase any capital assets (computers, equipment, furniture) for rental purposes this tax year? *

Capital Assets Purchased During The Year

Enter details of capital assets purchased for rental purpose this tax year This includes rental properties, renovation costs, appliances, and furniture used for rental purposes. Click Add to include additional capital assets, if applicable.

Asset Name/Description *

e.g., Basement refrigerator, Rental condo, Lawn mower

Date of Purchase *

Purchase Price *

Enter the cost of the asset at the time of acquisition excluding GST/HST

Rental Use Percent (%) *

Enter the % of your property rented out. Example: If 30% is rented, enter 30%.

Did you sell or dispose of any any capital assets (computers, equipment, furniture) for rental purposes this tax year? *

Capital Assets Sold/Disposed During the Year

This includes rental properties, appliances, and furniture used for rental purposes. Click Add to include additional capital assets, if applicable.

Asset Category *

Select the option that best fits the item. We’ll handle tax classification.

Asset Name/Description *

e.g., Basement refrigerator, Rental condo, Lawn mower

Date of Disposal *

Sales Proceed *

Enter the total proceeds from the disposal excluding GST/HST

Original Purchase Price *

Enter the cost of the asset at the time of acquisition excluding GST/HST

Important Note – Principal Residence & CCA

Email & Sales

Important: Claiming CCA on a property that is also your principal residence (or part of it) may affect your ability to claim the Principal Residence Exemption when the property is sold. If this applies, we will review this with you before filing.

Principal Residence Use (Review Check)

Let us know if any rental property is also used as your personal residence.

One or more properties are partially my principal residence (e.g., I live in part of the property)
None of the properties are my principal residence
Not sure

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