Rental income tax: rules for Ontario
Rental income tax — Ontario
Rental income is income you earn from renting property that you own or have use of.
Conditions: report on lines 12599 (gross) and 12600 (net); file Form T776 Statement of Real Estate Rentals
For city: Toronto
Rental income means the money you earn by renting out property you own or are entitled to use.
- Source
- Rental income - Canada.ca(opens in new tab) canada.ca
- Quote
Rental income is income you earn from renting property that you own or have use of.
Verbatim from the source, in the original language- Retrieved
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- Verified
- — when the quote and figures were checked against the source
- Next verification
- Dec 28, 2026
Plain-language summary — not the legal text; see the quoted source.
Source: "Rental income - Canada.ca", https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/rental-income-line-12599-gross-line-12600-net.html. Copy of the version at this link; not affiliated with the Government of Canada.
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