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New Member
posted Jul 14, 2020 3:29:49 PM

Claiming airbnb expenses and income

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1 Replies
Level 15
Sep 15, 2020 1:22:21 PM

To report rental income on your tax return, use Form T776, Statement of Real Estate Rentals. You can deduct any reasonable rental expenses you incurred to earn rental income. Make sure to keep a detailed record of any expenses you incur to earn rental income, as the CRA will want to see them in the event of an audit.

 

Here are amazing tips for having an Airbnb.