Rental Income Checklist

Please Bring your yearly totals!    Download this checklist as an Excel file

• Real Estate Rentals
• Identification
• Rented from - To
• Business name
• Business #
• Partnership identification #
• Tax shelter identification #
• If property owned by a partnership or co-ownership your percentage of ownership
• Details of partners
• Name, SIN and percentage of ownership
• Address of property
• Number of units
• Income
• Gross rents
• Other related income

Expenses (Total Expense and Percentage of Personal)

• Advertising
• Insurance
• Interest (not payment, just the interest portion please)
• Maintenance and repairs (no capital improvements i.e. upgrading kitchen is not allowed)
• Management and administrative fees (condo fees)
• Motor vehicle (mileage)
• Office expenses
• Professional fees
• Property taxes
• Salaries, wages, and benefits
• Travel
• Telephone and utilities (if paid by you and not your tenant)
  • Heat
  • Hydro
  • Water
  • Phone
  • Internet
  • Cable
  • Other expenses (cmhc)

Capital Assets

• Total value of equipment
• Total value of appliances
• New equipment purchases
• New appliance purchases