Rental income
Line 12599 – Gross income and Line 12600 – Net income
Rental income is income you earn from renting property that you own or have use of. You can own property by yourself or with someone else. Rental income includes income from renting a house, apartments, rooms, space in an office building, or other real or movable property.
Topics
- Rental income or business income
- Ownership
Are you a sole owner, co-owner or a member of a partnership? - Current expenses or capital expenses
What is the difference between a current and a capital expense and how to report them. - Capital cost allowance (CCA) for rental property
What is CCA, how much can be claimed, what are some of the classes of depreciable properties and how to complete the charts on Form T776, Statement of Real Estate Rentals. - Completing Form T776, Statement of Real Estate Rentals
- Rental losses
- Principal residence and other real estate
What is a principal residence, how can you designate a property as such and what happens when you sell it? - GST/HST new residential rental property rebate
Find out if you can apply for this rebate. - Accounting methods
- Keeping records
- Rental expenses you can deduct
- Rental income and non-resident tax
Information for non-residents with rental income. Electing to file a tax return under section 216 of the Income Tax Act and the section 216 late-filing policy.
Forms and publications
- Federal Income Tax and Benefit Guide
- Guide T4036, Rental Income
- Guide T4144, Income Tax Guide for Electing Under Section 216
- Form NR6, Undertaking to File an Income Tax Return by a Non-Resident Receiving Rent from Real or Immovable Property or Receiving a Timber Royalty
- Form T776, Statement of Real Estate Rentals
- Slip T5003, Statement of Tax Shelter Information
- Slip T5013, Statement of Partnership Income
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