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T776 tax reports

OntarioLandlord generates T776-ready reports that summarize your rental income and expenses for tax filing.

What is the T776?​

The T776 Statement of Real Estate Rentals is a CRA form used to report rental income and expenses when filing your taxes.

What's included​

Income summary​

  • Total rental income received
  • By property breakdown
  • Rent deposits (if applicable)

Expense summary​

Categorized to match T776 lines:

T776 LineCategory
Line 8521Advertising
Line 8690Insurance
Line 8710Interest and bank charges
Line 8810Office expenses
Line 8860Professional fees
Line 8871Management and admin fees
Line 8960Repairs and maintenance
Line 9180Property taxes
Line 9200Utilities
Line 9270Other expenses

Net income calculation​

  • Total Income
  • Less: Total Expenses
  • Equals: Net Rental Income (Loss)

Generating the report​

Step 1: Navigate to reports​

  1. Click Financials in the sidebar
  2. Click T776 Report

Step 2: Select tax year​

Choose the calendar year (January 1 - December 31).

Step 3: Select properties​

  • All Properties - Combined report
  • Specific Property - Per-property report

Step 4: Generate​

Click Generate Report

Report sections​

Part 1: Identification​

Pre-filled with:

  • Your name (from organization)
  • Property addresses
  • Number of units

Part 2: Income​

LineDescriptionAmount
8141Gross rentsFrom payment records
8230Other incomeIf applicable
8299Total incomeSum

Part 3: Expenses​

Each expense category totaled from your expense records.

Part 4: Summary​

  • Total expenses
  • Net income (or loss)
  • Your share (if co-owned)

Reviewing the report​

Before using for taxes, verify:

  • All rent income included
  • All expenses recorded
  • Categories are correct
  • Amounts match your records

Exporting​

PDF export​

  1. Click Export PDF
  2. Professional format for accountant
  3. Includes supporting details

CSV export​

  1. Click Export CSV
  2. Raw data for spreadsheet
  3. Can import to tax software

Sharing with accountant​

Options for sharing:

  1. Email PDF - Most common
  2. Accountant Access - Give read-only access (coming soon)
  3. Print - Physical copy

Important notes​

OntarioLandlord is not tax software​

warning

This report helps organize your data but doesn't file your taxes. Consult a tax professional for actual filing.

Cash vs accrual​

Reports are generated on a cash basis:

  • Income = Payments received
  • Expenses = Payments made

Discuss with accountant if you use accrual accounting.

Partner/co-owner​

If you co-own property:

  • Report shows full amounts
  • Split according to ownership percentage
  • Note this on your actual T776

Tips for tax time​

  1. Generate report early - Catch missing data
  2. Reconcile income - Match to bank deposits
  3. Check expense categories - CRA-aligned categories
  4. Keep receipts - Support all expenses
  5. Note improvements - Capital vs repairs

Common questions​

What if I'm missing data?​

Go back and enter missing payments or expenses, then regenerate the report.

Can I edit the report directly?​

No, the report reflects your entered data. Edit the underlying payments and expenses.

What about CCA (depreciation)?​

The T776 report includes a CCA Area A drilldown that helps you and your accountant calculate Capital Cost Allowance. The report shows applicable CCA classes and undepreciated capital cost for your rental properties.

Can I email the report to my accountant?​

Yes. Click Email to Accountant on the T776 report page to send the PDF directly to your accountant's email address.

Next steps​