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**This file is Read-Only. Please download a copy to fill in your information**
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Real Estate Rentals Worksheet
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Please prepare one statement per rental property.
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Tax Year
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If you have a profit and loss statement for your real estate business, please provide us a copy and only fill out Section B
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Section A
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REVENUES ($)
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Total of gross rent received for the year
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Other (specify) …..............................
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GST/HST collected
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EXPENSES ($)
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Advertising and promotion
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Insurance
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Interest
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Office expenses
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Professional fees (accounting and legal fees)
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Management and administration fees
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Repairs and maintenance
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Salaries, wages and benefits (including employer's contributions)
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Property taxes
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Travel
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Utilities
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Landscaping costs
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Lease cancellation payments
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GST (if not included in expenses)
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Section B
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CAPITAL ASSET PURCHASE OVER $500 (tools, equipment, please provide details on separate schedule)
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AmountDescription
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AUTOMOBILE EXPENSES
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Please note: You can only claim automobile expenses if you own more than one rental property OR if you own just one rental
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property you must do more than just collect rent.
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Do your automobile expenses include GST?
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Year, model and make of automobile claimed:
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Date the vehicle was acquired
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Listed price of vehicle at purchase (before tax)
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Business kilometers
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Total kilometers driven during the tax year
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If no log book was maintained, please provide us with approximate percentage of vehicle use that was business related.
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Is the vehicle being leased (yes or no)
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If you answered yes to the above, please provide the following information:
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Lease start and end date
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Total lease charges paid during tax year (not including any interest)
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Total lease charges paid prior to the tax year (not including any interest)
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Total interest paid on loan for the car during tax year
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$ Fuel and oil
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Repairs and maintenance (whether done by you or a mechanic)
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Car washes (receipts generally not required)
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Insurance (Autopac)
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License and registration
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Interest on car loan (if applicable)
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Leasing (if applicable)
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Parking (receipts generally not required)
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Cost of new vehicle (if bought during the year, and also provide details of sale of old car)
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GST (if not included in expenses)
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