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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