Rental income
On this page
Determine on which return to report rental income
Before date of death: Option 1
Rental income earned between January 1 and the date of death must be reported in the final return on lines 12599 and 12600.
After date of death
If the estate earned rental income after the date of death, it should be reported on line 8 of a T3 Trust Income Tax and Information Return (T3 Return).
Calculate the rental income of the person who died
Calculate the rental income of the person who died using the accrual or cash methods. Refer to the T4036, Rental Income guide for further details.
The calculation is completed in Form T776, Statement of Real Estate Rentals, which should be attached to a final return for income before the death or T3 Return for income after the death.
Capital Cost Allowance (CCA) recapture or terminal loss
If a deduction for CCA was ever claimed, recapture of CCA may need to be calculated and reported on the final return. Alternatively, a terminal loss may have to be calculated. Refer to recapture of capital allowance and terminal loss.