Rental income - Personal use or others

To enter information about the personal use of your rental property, follow the steps below:

1- On the "Left side menu on the Interview tab", go to the item "Rental income" and choose "Identification".

2- On the page that appears, entitled "T776 - Rental property identification", enter the percentage of your personal use on the line "Percentage (%) of personal use of your rental property".

The program will apply the specified percentage globally to reduce all rental expenses accordingly and thus establish the deductible amount.

However, if the percentage for one or several expenses is different, on the page for "Rental property income and expenses", go to the line "If less than 100% of an expense above applies to the business, enter the applicable percentage", choose the expense from the drop-down menu and enter the appropriate percentage. If you need additional fields, click on the plus "+" icon on the right and a new field will be created.

Keep in mind that your percentage interest in the partnership or your share (%) of ownership if other than 100% should be the same.

For more information regarding rental income, please consult the following CRA links:

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/rental-income-line-12599-gross-line-12600-net.html

ID: 20200831111931NA.xml

Webpage: KPA320-20200831111931NA.htm

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