Receiving rents from another country, how do I show it on my tax paper or let the Canadian government know?

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I will start receiving rents from 2 properties that I own, I’d like to let the government know because I will sponsor my mother to come here with that money. I only have a part-time job and I need the rent to reach the requirement for sponsors. So how do I do it? Just put it on next year’s tax paper?

Yes. You _must_, as a Resident of Canada, report all your world income.

There is a place for this on line 126 (Rental income) of the T1 return.

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/rprtng-ncm/lns101-170/126/menu-eng.html

You fill out details and take deductions (for property taxes, etc) on form T776, Statement or Real Estate Rentals and put the totals on line 126.

http://www.cra-arc.gc.ca/tx/bsnss/tpcs/rntl/bt/rprt/menu-eng.html

One Comment zu “Receiving rents from another country, how do I show it on my tax paper or let the Canadian government know?”

  1. neoplop

    Yes. You _must_, as a Resident of Canada, report all your world income.

    There is a place for this on line 126 (Rental income) of the T1 return.
    http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/rprtng-ncm/lns101-170/126/menu-eng.html

    You fill out details and take deductions (for property taxes, etc) on form T776, Statement or Real Estate Rentals and put the totals on line 126.
    http://www.cra-arc.gc.ca/tx/bsnss/tpcs/rntl/bt/rprt/menu-eng.html
    References :



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