Rental Income
Calculate your net rental income and tax on a Canadian investment property. T776 deductions included.
Estimates only — how we calculate
Income
What the tenant pays
Annual expenses (T776)
Interest only, not principal
If you pay them (not the tenant)
Net rental income
$3,300
per year, taxable
After-tax cash flow
$190
per month in your pocket
Income vs expenses
Gross rent$22,800
Property tax$4,000
Insurance$1,500
Maintenance and repairs$2,000
Mortgage interest$12,000
Income tax$1,023
After-tax cash flow$2,277
Summary
Gross annual rent$22,800
Total deductions-$19,500
Net rental income$3,300
Estimated tax-$1,023
After-tax, annual$2,277
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For planning purposes only. Not tax advice. Consult a CPA before making financial decisions.