Rental Income Tax Calculator 2025

T776 — net rental income after expenses, and estimated tax owed

Annual Rental Income

Gross Rental Income ($)

Total rent collected before any expenses

Deductible Expenses (T776)

Property Tax ($)

Annual municipal property taxes

Insurance ($)

Rental / landlord insurance premiums

Maintenance & Repairs ($)

To maintain, not improve, the property

Mortgage Interest ($)

Interest only — not principal payments

Management Fees ($)

Property manager or rental agency fees

Utilities — Landlord Paid ($)

Heat, hydro, water you pay as landlord

Advertising ($)

Tenant listing, signage

Professional Fees ($)

Accounting or legal fees for rental

Capital Cost Allowance — CCA ($)

Depreciation on building; cannot create a rental loss

Net Rental Income (Running Total) $0

Your Marginal Tax Rate (%)

Combined federal + provincial rate on next dollar — use the Personal Tax calculator to find it

Estimated Tax on Rental Income

At your marginal rate

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T776 — Rental Income Summary

Gross Rental Income—

Property Tax—

Insurance—

Maintenance & Repairs—

Mortgage Interest—

Management Fees—

Utilities—

Advertising—

Professional Fees—

CCA—

Total Expenses—

Net Rental Income (Profit)—

Tax Estimate

Net Rental Income—

Your Marginal Rate—

Estimated Tax Owing—

After-Tax Rental Income—

Note: CCA cannot create or increase a rental loss. The net rental income above is added to your other income and taxed at your marginal rate. To find your exact marginal rate, use the Personal Tax calculator.

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