Rental Income Checklist

This checklist provides the require information for completing your personal (non-corporate) taxes. The document to follow can be found here.

Property Information

Address of the property

Percentage of property that is rental

Rental Income

How much was made in rental income

Expenses

Insurance
Interest (not payment, just the interest portion)
Maintenance and repairs (no capital improvements
Management and administrative fees (condo fees)
Property taxes
Other expenses

Telephone and Utilities
(if paid by you and not your tenant)

Heat
Hydro
Water
Phone
Internet
Cable

Additional Expenses

Advertising
Motor vehicle (Kms driven to and from rental)
Office expenses (Cell Phone)
Professional fees (Accounting Legal or Apraisal)
Salaries, wages, and benefits
Travel
New Capital Assets (Appliances or Tools)