There are two types of Rental income from outside Canada:
You don't pay capital gains unless you sell the property or any assets in the property with a profit.
You need to fill the T1135 form and the T776 form to report the amount of income.
To fill the T1135, search for "Foreign Income Verification Statment (T1135)". and fill the appropriate boxes that apply to your rental property and income. Keep in mind that you are reporting the cost value of the property (fair market value when you became a resident), not the fair market value now.
Then search for "Rental Property" and report your income and expenses in Canadian dollars.
Check this link in how to complete the report:
I hope this was helpful
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