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New Member
posted Jan 5, 2020 8:40:36 AM

Can you please explain what is meant to be input into the other related income field under rental income under annual gross rents

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1 Replies
Level 15
Jan 23, 2020 6:53:11 PM

Here is what the CRA considers to be "Other related income" on the T776 - Statement of Real Estate Rentals:

 

"On line 8230, enter the total income you received from other sources. Some examples of other income are:

Premiums and leases – You may receive an amount for one of the following:

  • granting or extending a lease or sublease
  • permitting a sublease
  • cancelling a lease or sublease

Report all or part of these amounts as "Other related income" at line 8230."

 

More information can be found in this CRA publication: CRA Rental Income Guide