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Renters Guide from CMHC
- Getting Started
Whether you are a first-time renter or an experienced tenant, finding the right place takes effort and time. The seven parts in this section will help you prepare to look for rental accommodations.
- Renting a Place to Live
You're prepared to look for a place to live and you have an appointment to visit a prospective rental accommodation. The information in this section will help you evaluate accommodations.
- Once a Rental Agreement Has Been Made
Planning the move, arranging new services, packing: now that you have rental agreement, you must take care of many things. These six sections will help you prepare for the transition to your new residence.
- Issues During the Tenancy
This section addresses practical tenancy issues such as: process for regular repairs, defining emergency repairs, handling landlord-tenant conflicts, rent increases and lease renewals.
You've found a better place to rent or maybe you've purchased your own home. It's time to move again.
This segment is designed to help you through the transition.
- The Final Inspection
Provides an overview of tenant and landlord responsibilities for damages.
- Returning the Deposit, with Interest
Outlines factors that affect the return of a deposit and any associated interest accumulated during the tenancy.
- Ending the Rental Agreement
Offers tips about the final transition for landlords and tenants.
- Leaving Before the Lease Expires: Subletting
Explains how you can meet outstanding obligations if you need to leave before the end of your tenancy.
Rental Income Tax
Rental Income Tax Guide from CRA (Canada Revenue Agency)
- Do you have rental income or business income?
Determine whether your rental income is from property or business income.
- Expenses you can deduct
List of expenses that are deductible and how to claim them.
- Rental losses
What is a rental loss, what to do when you incur a rental loss, and how does it affect you other income?
- Keeping records
Information on records you need to support your rental income and expenses, including motor vehicle records.
- Selling your rental property
What happens when you sell a rental property.
Are you a sole owner, co-owner, or a member of a partnership?
- Completing Form T776, Statement or Real Estate Rentals
Details on how to complete Form T776
- GST/HST new residential rental property rebate
Find out if you can apply for this rebate.
- Current expenses or capital expenses?
What is the difference between a current and a capital expense and how do you report them.
- Capital cost allowance (CCA) for rental property
What is CCA, how much can be claimed, classes of depreciable properties, how to complete the charts on Form T776, Statement of Real Estate Rentals.
- Principal residence and other real estate
What is a principal residence, how you designate a property as such, and what happens when you sell it.
- Accounting methods
Description of both the accrual and cash methods of accounting.