What Is the T776?
The T776 (Statement of Real Estate Rentals) is the CRA form Canadian landlords use to report rental income and related expenses. Every taxpayer with a rental property must file it with their annual tax return.
Key Line Numbers
- Line 8141 — Gross rental income
- Line 8690 — Insurance premiums
- Line 8710 — Mortgage interest (interest portion only, not principal)
- Line 8810 — Office expenses (software, supplies)
- Line 8860 — Professional fees (accounting, legal)
- Line 8960 — Repairs and maintenance
- Line 9180 — Property taxes
- Line 9220 — Utilities
- Line 9281 — Motor vehicle expenses (rental-use portion)
Vehicle Expense Deductions
Landlords cannot use the CRA per-kilometre rate (that's for employees). You must use the actual expense method: track total vehicle costs (gas, insurance, maintenance, depreciation) and deduct the portion based on rental-related kilometres vs. total kilometres driven.
Important: The distinction between repairs (Line 8960) and capital expenditures (CCA) is critical. Routine repairs are fully deductible in the current year, but improvements that add value (like a new roof) must be depreciated over time using Capital Cost Allowance.