T776 expense categories
The CRA’s categories for reporting rental income and expenses on form T776, the Statement of Real Estate Rentals.
Read the full guide →Income
Expenses
Common questions
Condo fees
Commonly reported here rather than split across utilities and repairs.
Mortgage payments
Only mortgage interest belongs on this line. Principal is the amount that repays the loan; it is not an expense or a capital addition on T776.
Repairs and improvements
Work that restores the property is commonly a current expense. Work that improves it is commonly a capital addition, with its cost deducted over time.
Track these expenses in Rentdocket
Record expenses as you go. Your tax package totals them by T776 line.
The other free tools
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Work out the paymentNothing on this page is tax advice. The figures shown are worked examples, for record-keeping. Verify amounts against your records and consult a qualified tax professional.