Rental Income Reporting Summary Template - Raincoast Business Advisors

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RENTAL INCOME REPORTING SUMMARY
To assist us in the preparation of your T1 income tax return, we have prepared the following worksheet to provide
the required information to report your Rental Income and Expenses. Use this form to provide totals for each applicable line item.
We also have Excel spreadsheets available to assist you in recording and totaling your income and expenses.
Check our website at
to request a copy.
Name:
% Name:
%
Name:
% Tax Year:
Property Address:
City:
Province:
Postal Code:
Part of your residence Y
N
Sq ft of rental:
Sq ft of whole home:
Income:
Gross Rent (Number of Units
)
$
Expenses:
Advertising
$
Insurance
$
Interest - Mortgage
$
Interest – other LOC
$
Legal & Accounting
$
Maintenance & Repairs
$
Management & administrative fees
$
Motor vehicle & travel
$
Office
$
Property taxes
$
Salaries, wages & benefits
$
Strata fees
$
Utilities
$
Details of major expenses included in repairs and maintenance
$
$
$
$
Details of purchase or sale – please provide:
• Statement of adjustments
• Mortgage or financing documents and details
• Any other fees related to purchase or sale
202-20201 Lougheed Highway, Maple Ridge, BC V2X 2P6
Phone:
604.465.1935
Fax:
604.465.1936

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