This form is used by rental property owners to report their rental income and expenses for income tax purposes. You must download and open fillable PDFs in Acrobat Reader 10 or higher. You can order alternate formats such as digital audio, electronic text, braille, and large print.

Information for rental property owners to report their rental income and expenses on Form T776, Statement of Real Estate Rentals.

Ce formulaire est utilisé par les propriétaire d'immeubles ou de biens locatifs afin de les aider à calculer leurs revenus et dépenses de location aux fins de l'impôt sur le revenu.

Jan 11, 2021 · What is the T776? The Statement of Real Estate Rentals allows you to declare rental income and expenses. If you own and rent real estate, or other property such as farmland, you need form T776 to calculate your gross income, deductible expenses, and total net …

Nov 27, 2024 · Filling out Form T776 involves several steps: Part 1 – Identification: Enter your personal and property details. Part 2 – Co-owners and partners: If applicable, provide information on any co-owners. Part 3 – Income: Report your gross rental income. Part 4 – Expenses: Record all allowable rental expenses.

Oct 29, 2024 · The T776 form is used to report your rental income and expenses to the CRA. Whether you’re a single-property owner or manage a portfolio, this form helps you calculate your net rental income after deducting eligible expenses.

Apr 22, 2024 · If you own rental property in Canada, the T776 form, officially known as the Statement of Real Estate Rentals, is your annual rendezvous with the Canada Revenue Agency (CRA). This form is crucial for accurately reporting rental income and navigating your tax obligations as a landlord.

Mar 24, 2025 · Prepare a T776 Statement of Real Estate Rentals to report income and claim expenses related to rental properties either in Canada or abroad. Many of the concepts used to complete this form also apply to other T1 income statements and expense claims.

Use this form if you own and rent out real estate or other property including residential property that is a short-term rental. 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.

The CRA form for rental income is the T776 – Statement of Real Estate Rentals. Use this form to enter rental income and expenses; use a separate form for each property if you have multiple rental properties.