Question 1

What bookkeeping do real estate investors need in Canada?

Accepted Answer

Canadian real estate investors need rental income and expense tracking by property, Capital Cost Allowance (CCA) schedules for depreciable assets, T776 Statement of Real Estate Rentals preparation for each property, security deposit accounting (liability, not income), mortgage interest and principal separation, property management fee tracking, HST on short-term rentals (Airbnb, VRBO), and monthly financial reports that show net rental income by property.

Question 2

What is a CCA schedule for rental property in Canada?

Accepted Answer

Capital Cost Allowance (CCA) is the Canadian equivalent of depreciation — it lets rental property owners deduct a portion of their building's cost against rental income each year. Buildings are typically Class 1 (4% declining balance) or Class 3 (5%). A proper CCA schedule tracks the Undepreciated Capital Cost (UCC) of each property and calculates the maximum allowable deduction. Claiming CCA incorrectly — or missing it entirely — directly affects your after-tax return on investment.

Question 3

Do short-term rental hosts (Airbnb, VRBO) need to charge HST in Canada?

Accepted Answer

Yes — if your short-term rental revenue exceeds $30,000 in any calendar quarter or four consecutive quarters, you must register for HST with CRA and charge 13% HST (Ontario) or applicable provincial rate on your Airbnb/VRBO income. This is a major difference from long-term residential rentals, which are HST-exempt. We track your short-term rental income, handle HST registration when required, and file quarterly returns on your behalf.

Question 4

What is the T776 form and do I need it?

Accepted Answer

The T776 Statement of Real Estate Rentals is a CRA form filed annually with your personal tax return (or T2 corporate return). It reports all rental income, deductible expenses, and CCA claimed for each rental property. Any Canadian who earns rental income must file a T776. We prepare T776-ready financials for each of your properties every year — formatted exactly as your CPA needs them.

Question 5

Can you handle bookkeeping for a portfolio of multiple rental properties?

Accepted Answer

Yes. We work with single-property landlords, multi-property investors with 2–20 units, and professional property management companies. For portfolios, we produce per-property P&L statements so you can compare net income across properties, track which units are most profitable, and identify underperforming assets. All presented in a single clean monthly report for your CPA.

Real estate bookkeeping.
Built for Canadian investors.

Rental property accounting
is its own discipline.

Per-Property P&L Statements

Capital Cost Allowance (CCA) Schedules

T776 Statement Preparation

Short-Term Rental HST (Airbnb/VRBO)

Security Deposit Accounting

Every real estate structure, covered.

Real estate bookkeeping questions answered.

Your real estate bookkeeper. Ready.

Real estate bookkeeping.Built for Canadian investors.

Rental property accountingis its own discipline.