Available Tax Forms
○ All-in-one data center
○ Checklist
○ T4
○ T4A
○ T4A(OAS)
○ T4A(P)
○ T4E
○ T4PS
○ T4A-RCA
○ T4RIF
○ T4RSP
○ T5
○ T4FHSA
○ T3
○ T5007
○ T5008
○ T5013
○ RC210
● T1 GENERAL
● ON428
>>Show more forms
HomeTax calculator

Flag Canada Revenue
Agency		 Agence du revenu
du Canada		   Protected B when completed
 
Statement of Real Estate Rentals
 
• Use this form if you own and rent real estate or other property. It relates mainly to renting real estate but also covers some other types of rental
property such as farmland. This form will help you determine your gross rental income, the expenses you can deduct, and your net rental income or loss for
the year.
• To determine whether your rental income is from property or a business, consider the number and types of services you provide for your tenants:
–  If you rent space and only provide basic services such as heating, lighting, parking, laundry facilities, you are earning an income from renting property.
–  If you provide additional services such as cleaning, security and meals, you may be conducting a business.
 
• For more information about how to determine if your rental income comes from property or a business, see Interpretation Bulletin IT-434, Rental of Real
Property by Individual, and its Special Release.
 
• If you are a co-owner of a property, you have to determine if a partnership exists before filling in the Identification part below. To determine if you are in a
partnership, see Income Tax Folio S4-F16-C1, What is a Partnership?
• For information on how to fill out this form, see Guide T4036, Rental Income.
 
 
Part 1 – Identification
    
  Your name  Your social insurance number
 
  Your address City Prov./Terr Postal code
 
Fiscal period Year Month Day   Year Month Day  
  from to   Was this the final year of your rental operation? Yes No
  Your percentage of the partnership Industry code Tax shelter identification number (8 characters) Partnership business number
  %   5 3 1 1 1 1
  Name of the person or firm preparing this form Business number/Account number
 
  Address of the person or firm preparing this form City Prov./Terr Postal code
 
 
 
Part 2 – Details of other co-owners and partners
      
  Co-owner or partner's Share of net Percentage
  name and address income (loss) $ of ownership % 
  Co-owner or partner's Share of net Percentage
  name and address income (loss) $ of ownership % 
  Co-owner or partner's Share of net Percentage
  name and address income (loss) $ of ownership % 
 
In most cases, you calculate your rental income using the accrual method. If you have no amounts receivable and no expenses outstanding at the end
of the year, you can use the cash method.
 
 
Part 3 – Income
  
  List the addresses of your rental properties Number of units Gross rents
      1
        2
        3
 
  Enter the total of your gross rents in the year you receive them (amount 1 plus amount 2 plus amount 3) . . . . . . . . . . . . 8141    
 
  Other income (for example, premiums and leases, sharecropping) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8230    
 
  Total gross rental income: Enter this amount on your income tax and benefit return
  on line 12599 (line 8141 plus line 8230) . . . . . . . . . . . . . . . . . . . . . . . . . . . 8299    
   
 
 
 
   
 
T776 E (23) (Ce formulaire est disponible en français.)   Page 1 of 5  

Protected B when completed
 
Part 4 – Expenses
  
  Total expenses   Personal portion  
  Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8521      
  Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8690      
  Interest and bank charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8710      
  Office expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8810      
  Professional fees (includes legal and accounting fees) . . . . . . . . 8860      
  Management and administration fees . . . . . . . . . . . . . . . . . . . . . . 8871      
  Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8960      
  Salaries, wages and benefits (including employer's contributions) 9060      
  Property taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9180      
  Travel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9200      
  Utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9220      
  Motor vehicle expenses (not including capital cost allowance) . . . 9281      
  Other expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9270      
 
Total expenses (add the lines listed under "Total expenses") . . . . .    A
 
Total for personal portion (add the lines listed under "Personal portion") . . . . . . . . . . . . . 9949    
 
  Deductible expenses (total expenses from amount A minus total personal portion from line 9949) . . . . . . . . . . . . . . . . . .     4
  Net income (loss) before adjustments (total gross rental income from line 8299 minus deductible expenses from amount 4) 9369    
  Co-owners: calculate your share of net income from line 9369. Enter your result on amount 5 . . . . . . . . . . . . . . . . . . . . . . . .     5
   
  Other expenses of the co-owner: other deductible expenses you have as a co-owner which you did not deduct elsewhere 9945    
Subtotal (amount 5 minus line 9945)   6
   
  Recaptured capital cost allowance (co-owners: enter your share of the amount) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9947    
Subtotal (amount 6 plus line 9947)   7
   
  Terminal loss (co-owners: enter your share of the amount) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9948    
Subtotal (amount 7 minus line 9948)   8
  Total capital cost allowance claim for the year (amount ii from Area A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9936    
  Net income (loss) (amount 8 minus line 9936) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .     9
  If you are a sole proprietor or a co-owner enter this amount on line 9946.
  Partnerships
  Partners: your share of amount 9, or the amount from your T5013 slip, Statement of Partnership Income . .     10
   
  Partners: GST/HST rebate for partners received in the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9974    
   
  Partners: other expenses of the partner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9943    
  Your net income (loss): For sole proprietors or co-owners, the result of amount 9. For partnerships, the result of amount
  10 plus line 9974 minus line 9943 . Enter this amount on line 12600 of your income tax and benefit return . . . . . . . . . . . . . 9946    
 
 
 
 
T776 E (23)     Page 2 of 5  

Protected B when completed
Area A – Calculation of capital cost allowance (CCA) claim
1 2 3 4 5 6 7* 8 9 10  
Class
number		 Undepreciated
capital cost (UCC)
at the start of the
year		 Cost of additions
in the year
(see Areas B and
C below)		 Cost of additions
from column 3
that are DIEPs
(property must be
available for use
in the year)
Note 1		 Proceeds of
dispositions
in the year (see
Areas D and E
below)

Note 2		 Proceeds of
dispositions of
DIEP (enter
amount from
col. 5 that relates
to DIEP from
col. 4)		 UCC after
additions
and dispositions
(col. 2 plus col. 3
minus col. 5)		 UCC of DIEP
(col. 4 minus
col. 6)

Note 3		 Immediate
expensing amount
for DIEPs

Note 4		 Cost of remaining
additions after
immediate
expensing (col. 3
minus col. 9)		  
                     
                     
 
                     
 
                     
 
                     
 
                     
 
                     
 
Total immediate expensing claim for the year: Total of column 9    i  
 
11 12 13 14 15 16 17 18 19  
Cost of remaining
additions from
column 10 that
are AIIPs or ZEVs

Note 5		 Remaining UCC
after immediate
expensing (col. 7
minus col. 9)		 Proceeds of
dispositions
available to
reduce additions
of AIIPs and ZEVs
(col. 5 minus
col. 10 plus
col. 11). If
negative, enter "0"

Note 5		 UCC adjustment
for current-year
additions of AIIPs
and ZEVs
(col. 11 minus
col. 13)
multiplied by the
relevant factor. If
negative, enter "0"

Note 6		 Adjustment for
current-year
additions subject
to the half-year
rule.
1/2 multiplied by
(col. 10 minus col.
11 minuscol. 5). If
negative, enter "0"		 Base amount
for CCA
(col. 12 plus
col. 14 minus
col. 15)		 CCA
rate
%		 CCA for the year
(col. 16 multiplied
by col. 17 or a
lower amount,
plus col. 9)		 UCC at the end of
the year
(col. 7 minus
col. 18)		  
                   
                   
 
                   
 
                   
 
                   
 
                   
 
                   
 
Total CCA claim for the year**: Total of column 18 (enter on line 9936 of Part 4 the amount ii  ii
minus any personal part and any CCA for business-use-of-home expenses***)  
 
*  If you have a negative amount in column 7, add it to income as a recapture under "Recaptured capital cost allowance" on line 9947. If no property is left in the class and there is a positive amount in
this column, deduct the amount from your income as a terminal loss under "Terminal loss" on line 9948. Recapture and terminal loss do not apply to a Class 10.1 property unless it is a DIEP. For more
information, read Chapter 3 of Guide T4036.
** Sole proprietors and partnerships: Enter the total CCA claim for the year from amount ii on line 9936.
Co-owners: Enter only your share of the total CCA claim for the year from amount ii on line 9936.
*** For information on CCA for calculating business-use-of-home expenses, see "Special situations" in Chapter 4 of Guide T4002, Self-employed Business, Professional, Commission, Farming, and Fishing
Income. To help you calculate the CCA, see the calculation charts in Areas B to G.
See next page for notes 1 to 6.
 
T776 E (23) Page 3 of 5  

Protected B when completed
Note 1: Columns 4, 6, 8 and 9 apply only to designated immediate expensing properties (DIEPs). See subsection 1104(3.1) of the federal Income Tax
Regulations for definitions. A DIEP is a property that you acquired after December 31, 2021, and that became available for use in the current year.
For more information, see Guide T4036.
 
Note 2: The proceeds of disposition of a ZEPV that has been included in Class 54, or a passenger vehicle purchased after April 18, 2021 that has been included
in Class 10.1, and whose cost exceeds the prescribed amount will be adjusted based on a factor equal to its prescribed amount as a proportion of the
actual cost of the vehicle. For dispositions after July 29, 2019, you will have to adjust the actual cost of the vehicle for any payments or repayments of
government assistance that you may have received or repaid in respect of the vehicle.
If the passenger vehicle in Class 10.1 is not designated for immediate expensing treatment, this special rule does not apply. For more information on
proceeds of disposition, read "Class 10.1 (30%)" and "Class 54 (30%)" in Guide T4036. For more information about the prescribed amounts,
see Chapter 4 of Guide T4036.
 
Note 3: The amount you enter in column 8 must not exceed the amount in column 7. If the amount in column 7 is negative, enter "0."
 
Note 4: The immediate expensing applies to DIEPs included in column 8. The total immediate expensing amount for the tax year (total of column 9) is limited to
the lesser of:
 
•  the immediate expensing limit, which is equal to one of the following, whichever is applicable:
 
  – $1.5 million, if you are not associated with any other eligible person or partnership (EPOP) in the tax year
  – amount iii of Area G, if you are associated with one or more EPOPs in the tax year
  – zero, if you are associated with one or more EPOPs and an agreement that assigns a percentage to one or more of the associated EPOPs was
not filed with the minister in a prescribed form
  – any amount allocated by the minister under subsection 1104(3.4) of the Regulations
•  the UCC of DIEPs in column 8
•  the amount of income, if any, earned from the source of income that is a property (before any CCA deductions) in which the relevant DIEP is used
for the tax year
  For more information, see Guide T4036.
 
Note 5: Columns 11, 13 and 14 apply only to accelerated investment incentive properties (AIIPs) (see subsection 1104(4) of the federal Income Tax Regulations
for the definition), zero-emission vehicles (ZEVs), zero-emission passenger vehicles (ZEPVs) and other eligible zero-emission automotive equipment
and vehicles that become available for use in the year. In this chart, ZEV represents ZEVs, ZEPVs and other eligible zero-emission automotive
equipment and vehicles. An AIIP is a property (other than a ZEV) that you acquired after November 20, 2018, and that became available for use before
2028. A ZEV is a motor vehicle included in Class 54 or 55 that you acquired after March 18, 2019, and that became available for use before 2028, or
eligible zero-emission automotive equipment and vehicles included in Class 56 acquired after March 1, 2020, and that became available for use before
2028. For more information, see Guide T4036.
Note 6: The relevant factors for properties available for use before 2024 are 2 1/3 (Classes 43.1, 54 and 56), 1 1/2 (Class 55), 1 (Classes 43.2 and 53), 0
(Classes 12 and 13) and 1/2 for the remaining AIIPs.
For more information on AIIPs, CCA, ZEVs and ZEPVs, see Guide T4036 or go to canada.ca/taxes-accelerated-investment-income.
 
Area B – Equipment additions in the year
1 2 3 4 5
Class
number		 Property details Total cost Personal portion
(if applicable)		 Rental portion
(col. 3 minus
col. 4)
         
 
         
 
         
 
Total equipment additions in the year: Total of column 5  9925
   
Area C – Building additions in the year
1 2 3 4 5
Class
number		 Property details Total cost Personal portion
(if applicable)		 Rental portion
(col. 3 minus
col. 4)
         
 
         
 
         
 
Total building additions in the year: Total of column 5  9927
 
Area D – Equipment dispositions in the year
1 2 3 4 5
Class
number		 Property details Proceeds of
disposition (should
not be more than
the capital cost)		 Personal portion
(if applicable)		 Rental portion
(col. 3 minus
col. 4)
         
 
         
 
         
 
  Total equipment dispositions in the year: Total of column 5  9926
   
T776 E (23) Page 4 of 5
Protected B when completed
 
Area E – Building dispositions in the year
1 2 3 4 5
Class
number		 Property details Proceeds of
disposition (should
not be more than
the capital cost)		 Personal portion
(if applicable)		 Rental portion
(col. 3 minus
col. 4)
         
 
         
 
         
 
  Total building dispositions in the year: Total of column 5  9928
 
Area F – Land additions and dispositions in the year
 
Total cost of all land additions in the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9923  
Total proceeds from all land dispositions in the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9924  
 
Note: You cannot claim capital cost allowance on land. For more information, see Chapter 4 of Guide T4036.
 
Area G – Agreement between associated eligible persons or partnerships (EPOPs)
 
Are you associated in the fiscal period with one or more EPOPs that you have entered into an agreement with under
subsection 1104(3.3) of the Regulations? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No
 
If you answered yes, fill in the table below.
 
Enter the percentage assigned to each associated EPOP (including yourself) as determined in the agreement.
 
This percentage will be used to allocate the immediate expensing limit. The total of all percentages assigned under the agreement should not exceed 100%.
If the total does exceed 100%, then the associated group has an immediate expensing limit of zero. For more information about the immediate expensing
limit, see Guide T4036.
 
1 2 3
Name of the EPOP Identification number

Note 7		 Percentage assigned under the
agreement
 
 
 
 
 
 
 
 
Total of percentage assigned: Total of column 3
 
Immediate expensing limit allocated to you: Multiply 1.5 million by the percentage assigned to you in column 3 (see note 8) . . . . . . iii
 
Note 7: The identification number is the EPOP's social insurance number, business number or partnership account number.
 
Note 8: If the total of column 3 exceeds 100%, enter "0."
See the privacy notice on your return.
 
T776 E (23)   Page 5 of 5