Rental Income Tax

We prepare and file personal income tax returns with a strong focus on accuracy, eligible credits, and full transparency at every step.

Who this is for

Own and rent out a residential property
Rent out part of their primary residence
Own multiple rental properties
Became a landlord during the year
Sold a rental property
Converted a principal residence into a rental property or vice versa

Ontario-Focused Tax Expertise

We specialize in Ontario rental income taxes, providing accurate reporting, compliance with provincial tax rules, and guidance to help ensure all applicable deductions and adjustments are properly considered.

Included in this service

Preparation of rental income tax return (T776)
Review and categorization of rental income and expenses
Eligible rental deductions (property taxes, mortgage interest, utilities, repairs, insurance, management fees)
Capital cost allowance (CCA) guidance and impact review
Ontario surtaxes and provincial thresholds
Ontario-specific rental tax rules and adjustments
CRA compliance and reporting accuracy

What counts as Rental Income?

Monthly rent received
Advance or prepaid rent
Rent received for part of a home (basement, room, secondary unit)
Payments for parking, laundry, or storage related to the rental
Any other amounts received in connection with renting the property

Why Hillside Tax Services?

Careful, client-first Ontario tax preparation with clear guidance and no shortcuts.

Useful Tax Resources

Prepare with confidence. Refer to thie simple personal tax checklist to make sure you have all the slips, receipts, and information you need before filing.

Learn more

Need more details?

We are here to assist. Connect with us by phone, email, or via chat channels for expert tax preparation guidance and support.

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