Report rental income and expenses
How do I report rental income on my taxes?
Report rental income and eligible expenses for the calendar year, usually using Form T776. Separate personal use from rental use and distinguish current repairs from capital improvements.
Where to begin
- Collect rent records and other rental income for the year, including non-cash payments.
- List each property and any co-owners or partners using the T776 instructions.
- Classify expenses, remove personal-use amounts and check current-versus-capital treatment.
- Apply ownership-share and any short-term-rental restrictions, then complete T776 and transfer the required gross and net figures to your return.
Before you open the official service
- Rental agreements, income records, expense receipts and ownership shares.
- Property-use dates and any mixed personal/rental-use calculations.
Keep your actual documents and account details off this website. Use the official service’s current checklist before applying.
What to check for your situation
Co-ownership, changes of use, short-term rentals and capital cost allowance can change the treatment. Filing a tax return does not replace municipal or provincial permission to operate a rental.
Fees, processing times and document rules can change. This page helps you navigate; it does not confirm eligibility or replace the government’s instructions.
Forms and checklists
Official sources
canada.ca · Official websiteCRA — Complete Form T776Rental income and expenses are reported for the calendar year; T776 organizes properties, co-owners, income and expenses. Personal-use portions and restrictions on non-compliant short-term rentals must be considered.Checked
Prepared by Active K Digital from the linked public guidance. Read our source approach.